27.07.2010 - China home prices may decline 15pct in next 12 months, HSBC says

From Bloomberg: China’s home prices may decline by as much as 15 percent in the next six to 12 months as more supply becomes available, according to HSBC Holdings Plc. HSBC lowered its stock recommendations on Agile Property Holdings Ltd., Guangzhou R&F Properties Co. and Shimao Property Holdings Ltd. to “underweight” from “overweight.” The brokerage cut its rating for Sino-Ocean Land Holdings Ltd. to “underweight” from “neutral.”.............................................Full Article: Source

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