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China's Future Land warns of property developer price cuts as cooling steps bite

But it warns of a domino effect that could reverse market expectations dramatically and trigger a sharp drop in sales
Saturday, May 20, 2017 - 05:50

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A pedestrian walks near a mixed-use residential and commercial complex in Beijing. China has tightened rules for real estate businesses seeking to raise funds.

Beijing

PROPERTY developers in China could implement price cuts sooner than expected as sales slow and credit conditions tighten, raising the potential need for a state-imposed price floor, according to a senior executive of Future Land.

China has tightened rules for real estate

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