27.10.2008 - Tokyo housing property set for full-blown' decline

From Bloomberg: Tokyo residential property prices may be poised for a major decline because of excess housing supply and flagging demand, said Minoru Mori, chairman of Japan's biggest privately held developer. "We foresee full-blown drops in residential property prices,'' Mori Building Co.'s chairman said in an Oct. 25 interview in Shanghai. ..... Full Article: Source

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