06.10.2008 - Sales woe for China's developers
From Shanghaidaily.com: Pre-construction sales of residential units in Beijing dipped 76 percent in September from the same month last year, according to an industry Website. And in Shanghai, about 290,000 square meters of housing were sold in the first 20 days of September, only 20 percent of that in the same period of last year. In the capital, a total of 2,788 pre-construction units were sold last month, according to the Beijing Real Estate Trade Management Website under the Beijing Municipal Construction Committee..... Full Article: Source