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Evergrande forecast paints dim China property picture

Posted on 17 January 2012

Evergrande Real Estate Group Ltd, the second-biggest developer in China by sales value, forecast flat 2012 sales and said the wider property market would be gloomy in the first quarter, with no improvement until after the lunar new year.
Evergrande said it would generate sales of 80 billion yuan ($12.69 billion) in 2012, roughly the same as 2011 sales, adding it was setting a conservative sales target that it hopes to exceed by a similar amount to last year. But management said the days of rampant growth are over………………………………………..Full Article: Source


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