Property prices dip as measures bite
By Hu Yuanyuan | China Daily | Updated: 2011-03-16 08:04
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Potential buyers examine a model of a residential property development at a housing fair in Shanghai. More brand name property developers have started offering discounts on newly opened projects, with some of them more than 20 percent lower than the original prices. Qilai Shen / Bloomberg |
Many companies begin offering discounts as cash flow is squeezed
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