China property market cautious: deals slow

Article Date : 12 January 2009

Home prices have dropped by more than 30% in some Chinese cities. In June Morgan Stanley planned to sell at least two high-end serviced apartment projects in Shanghai, which are wholly owned by its real estate fund, for several billion yuan, Reuters reported in June. As yet, Morgan Stanley has not secured any buyer for the...

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Article provided by China Economic Review.
Read the full article here: http://www.chinaeconomicreview.com/realestate/2009/01/13/market-cautious-deals-slow.html

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China property market cautious: deals slow

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