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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
Add BT as a preferred sourcePublished Fri, May 19, 2017 · 09:50 PM
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.
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