Property prices set to decline, S&P says

BEIJING - China's real estate developers are likely to struggle over the next 12 months, with property prices in larger cities decreasing by as much as 10 percent.

That's according to a report released by Standard & Poor's on Monday.

Recent government regulations, aimed at curbing speculation and reining in soaring prices, may result in reduced demand, said Fu Bei, an analyst at S&P.