Gemdale Shares Drop After Property Sales for First Seven Months Drop 42%

Posted by property | Posted in Real Estate | Posted on 09-08-2010-05-2008

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Gemdale Shares Drop After Property Sales for First Seven Months Drop 42%
Gemdale Corp. , the best-performer among Shanghai property stocks in the last six months, said sales for the first seven months fell 42 percent as a government crackdown on speculation curbed home buyers’ appetite.
Read more on Bloomberg

China Vanke says property prices to fall -media
BEIJING, Aug 9 (Reuters) – Property prices in China’s major cities will fall later this year because of the government’s tightening campaign and a coming surge in housing supply, the country’s top listed developer said in comments published on Monday.
Read more on Reuters via Yahoo! Asia News

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