DTZ warns of property oversupply
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DTZ warns of property oversupply

Article Date : 20 January 2009       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

The U.K.-based property consultancy company DTZ Holdings said in its latest report that China’s property market may face challenges from oversupply this year. According to the report, the unsold residential properties in nine Chinese cities, including Shanghai, Beijing and Guangzhou, amount to 38 million square meters. The inventories in the first-tier cities will be reduced in about...

Article provided by China Economic Review.
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Tags: Beijing, China, Guangzhou, Shanghai
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