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Govt center in the air weighs on rebuilding

By Huang Zhiling and Wang Wei (China Daily)
Updated: 2008-07-22 07:41

And like many real estate developers building houses near the center, many employees of the CPC Chengdu municipal committee and the municipal government fear that the houses they have bought near the center will depreciate due to its sale.

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The price of houses near the complex has more than tripled from four years ago.

Many expected the price to rise further with all the departments moving to the site.

"But with the city's political center moving from the southern suburbs back to the city center 15 km away, price hikes of property in the southern suburbs will surely be curbed," said Fu Wenrong, an official with the city's information office.

Wang Lilin, an official with Fu's office, told China Daily that their move back to the city is also expected to start next month, after the walls of their old office in the compound of the CPC Chengdu municipal committee are given a facelift.

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