Even as reported property values in China's big cities are holding flat, the suburbs are seeing...

|By:, SA News Editor

Even as reported property values in China's big cities are holding flat, the suburbs are seeing declines in the 30-50% range, based on price cuts being offered by developers. Builders, some facing financing rates of 30% or more, are likely desperate to move inventory. The next 2 months could be particularly difficult as reports hit that several commercial banks have reached their annual loan quota. (previous)