21.07.2009 - Beijing's commercial property woes
From Chinadaily.com.cn: Beijing's commercial real estate market, faced with an oversupply and rising vacancy rates, will remain under downward pressure in the second half of this year despite a strong recovery in the residential sector, industry experts said. "On the back of a current supply glut in the Grade A office sector, depressed market conditions likely will persist through the remainder of 2009," said Alice Wood, director of the commercial property division in the Beijing office of UK-based property consulting firm DTZ Holdings PLC.......Full Article: Source
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