Shanghai municipality in October approved a draft plan that would keep its population within 25 million. Photo: AFP

What bubble? Experts say extreme distortions in supply-demand are driving up home prices in Beijing and Shanghai

New land supply in the capital is equivalent 12,200 units, compared with 95,000 sold so far this year

Topic |   China property

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Shanghai municipality in October approved a draft plan that would keep its population within 25 million. Photo: AFP
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