17.08.2011 - Chinese developers mulling discounts
Chinaís ongoing efforts to tame the nationís residential property market are prompting more and more local developers to consider cutting prices to reduce inventories and boost cash flows. With inventories rising and market uncertainty growing, a large proportion of developers is expected to take measures to boost sluggish sales, with most saying they will make more units available to the market in the second half of this year..............................................Full Article: Source
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