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Real Estate Briefing - Categorized | Developers, Emerging Trends more

Chinese developers face pinch

Posted on 05 July 2012

Standard & Poor’s Ratings Services says China’s more than 80,000 developers could face a battle for survival as a wave of short-term property loans fall due this year.
The risk is that these businesses could become so desperate they will either default, leaving behind half-finished projects at a time economic growth already is slowing, or start offering steep discounts, triggering a price war………………………………………..Full Article: Source


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