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Beijing Diaoyutai Seventh Yard prices set a record
Apartments of No.3 building in Diaoyutai Seventh Yard beside the Second Ring Road in west Beijing sell for 300,000 yuan per square meter, setting a new property record, in defiance of a cooling down in real estate market.
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Since early April, China has adopted a series of strict measures to curb the country's soaring housing prices, including tightening mortgage loan terms and punishing property price manipulation by developers.