| Market insiders are expecting another wave of huge discounts by property developers in March after the first round last October, as an increasing number of developers are following the lead taken by Poly Real Estate Group (600048) after poor sales in January, reports xinhuanet.com.
The total transaction value posted by 16 major developers in January fell from 66.36 billion yuan recorded in the same month last year to less than 30 billion yuan, and transaction figures in February were reportedly lackluster...............................................Full Article: Source
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