01.03.2012 - More property price cuts expected
Continued policy tightening, sagging sales and a looming cash flow crisis are likely to push Chinese property developers to slash their prices further. Earlier this month, Poly Real Estate, the country's second-largest developer by market value, lowered prices for one of its projects in Shanghai by 2,000 yuan (317.56 U.S. dollars) per square meter...............................................Full Article: Source
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