| Contrary to some speculation, the property market will not see a significant drop unless there's a real estate bubble burst, said one economist. Due to tightened credit policies, real estate developers in Guangdong Province have come under increasing financial pressure, which may push them to cut prices to promote sales in early June, the Guangzhou Daily reported on Sunday, citing real estate advisor, Zhao Zhuowen.
The newspaper also reported developers in Dongguan, a second-tier city in the province, have been inviting pop singers from Hong Kong and Taiwan to attract potential home buyers for the past month..............................................Full Article: Source
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