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Safer waters: Lower-tier prospects

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October 2007

With just two decades of history to its name, China’s real estate market is still very much in its youth.

To date, most of the focus has been in the big four growth cities of Shanghai, Beijing, Shenzhen and Guangzhou. Other cities have made headlines from time to time, particularly Tianjin and Chengdu, but their time in the spotlight has been intermittent at best.

However, beyond the big four, there are 167 other cities with more than 1 million people and another 489 that house 57% of the country’s 1.3 billion people. With little good land available for development in the top-tier ...

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