21.07.2009 - KWG sees China property price growth slowing

From Reuters: Developer KWG Property Holding Ltd said on Monday it expects China property prices to rise more slowly in the second half of 2009 after a sharp rebound in the first half, as Beijing moves to stabilise the market. Property prices in China were up by an average 10-15 percent in the first half of 2009, but the gains are likely to slow to single-digits for the remainder of the year, Chief Financial Officer Hoffman Tsui told Reuters in an interview.......Full Article: Source

Print