SUBSCRIBERS
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
Add BT as a preferred sourcePublished Fri, May 19, 2017 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 businesses seeking to raise funds and introduced a flurry of measures aimed at dampening speculative demand and contain the amount of capital flowing into the property market.
Share with us your feedback on BT's products and services
