Many of the city's small and medium-sized property developers are seeking to be merged or acquired due to a lack of capital and land reserves, after the government released tightening policies to cool down the market.
Peak season for the property market in this southern city neighboring Hong Kong is usually in the autumn months of September and October.
It's been a frustrating time for Zhu Qian. After nearly a month of waiting, her mortgage agent at China Construction Bank said she would have to pay a deposit of 40 percent and that the interest rate will be raised to 1.1 times the benchmark one-year lending rate.
Volvo Construction Equipment (Volvo CE), a key player in the world's construction equipment industry, acquired 70 percent of Chinese wheel loader maker Shandong Linyi's Lingong Construction Machinery Co (Lingong) in September 2006.
Chen Junfeng hesitated - and now he regrets it. The middle-aged father wants to buy a bigger home, but every time he finds a suitable apartment he is reluctant to take the plunge.
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