China Property Bubble to Burst ‘Quickly,’ Nomura Says (Update1)
Posted by property | Posted in Real Estate | Posted on 16-06-2010-05-2008
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China Property Bubble to Burst ‘Quickly,’ Nomura Says (Update1)
Nomura’s Sun Discusses China Economy, Property Market June 16 (Bloomberg) — Sun Mingchun, chief China economist at Nomura Holdings Inc. in Hong Kong, talks with Bloomberg’s Rishaad Salamat about the outlook for China’s economy and property market.
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China Property Bubble to Burst ‘Quickly,’ Nomura Says (Update1)
The “bubble” in China’s property market is going to burst very quickly, with prices set to fall as much as 20 percent in the next 12 to 18 months, according to Nomura Holdings Inc.
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