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More property price cuts expected

Posted on 01 March 2012

Continued policy tightening, sagging sales and a looming cash flow crisis are likely to push Chinese property developers to slash their prices further.
Earlier this month, Poly Real Estate, the country’s second-largest developer by market value, lowered prices for one of its projects in Shanghai by 2,000 yuan (317.56 U.S. dollars) per square meter………………………………………..Full Article: Source


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