>Shanghai's Housing Rents, Hotel Rates Fall Up to 50% After World Expo Ends

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Shanghai’s apartment rents and hotel room rates near the World Expo site fell as much as half as China’s biggest international event this year ended.
Rents on a two-bedroom apartment in the neighborhood, which fetched from 6,000 yuan ($900) to 10,000 yuan a month during the showcase that ended Oct. 31, have fallen 50 percent, said Chen Yi, manager of the Expo branch of Centaline Property Agency Ltd. Hotel rates declined as much as 47 percent last month from October, according to Qunar, China’s largest travel website tracking the city’s 2,000 hotels.

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