Property next to feel force of tightening
By Wang Ying in Shanghai | China Daily | Updated: 2013-06-26 07:40
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Property buyers examine the real estate models in Baoding, Hebei province. In the context of a wide-ranging credit crunch, home buyers may expect price cuts at some projects if developers find themselves caught in a lack of capital. Provided to China Daily |
Wide-ranging credit tightening by Chinese commercial banks is likely to spill over into the property market, and analysts said small and medium-sized developers may cut prices later this year as cash gets scarce.
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