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Chinese property prices to drop next year; hard landing unlikely

Posted on 23 November 2010

From Ibtimes.com: Property prices in China are expected to decrease by about 20 percent in 2011 and the market is likely to readjust in March or April next year, says a report. Prices will be pulled down by the Chinese government measures to cool the property market but the sector is not expected to suffer a hard landing, says a report by Renmin University of China.
Property developers are expected to face a sharp decline in access to capital in the first quarter next year. Besides, situation will be worsened by tighter financing, loan repayments and severe restrictions on property buyers, according to Liu Yuanchun, deputy head of the university’s School of Economics……………………………………….Full Article: Source

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