Property developers predict mixed results in first half
By Wu Yiyao in Shanghai | China Daily | Updated: 2012-07-18 08:03
China's A-share listed developers are predicting mixed fortunes for the first half of the year.
According to industry performance forecasts, 17 developers expect losses, 22 forecast profit growth, while 13 expect less profit than in the first half of 2011.
Analysts said that many developers are now offering discounts on newly developed homes in order to boost sales revenue and to ease their tight cash flow.
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