Developer outlook 'stable'
By Cao Qian |
February 21, 2013, Thursday
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Print Edition
Print Edition
THE outlook for China's residential developers has been revised from negative to stable by Standard & Poor's Ratings Services.
Prices are expected to rise moderately in China's 100 major cities - by up to 5 percent a year - while sales volume may increase more than 10 percent for larger players with good liquidity and financial flexibility, according to an S&P report.
But sales could remain sluggish for smaller developers, the report added.
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