Macquarie cuts price for high-end China property

Article Date : 08 January 2009

An investment arm of Australia’s Macquarie Group has slashed prices by about a third from levels quoted nine months ago for one of its top-end Shanghai properties, underlining the difficulties investors face exiting China’s cooling real estate market. The residential development, City Apartments, a 16,000 square-meter residential development in downtown Shanghai, is up for sale for...

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Article provided by China Economic Review.
Read the full article here: http://www.chinaeconomicreview.com/realestate/2009/01/09/macquarie-cuts-price-for-high-end-china-property.html

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Macquarie cuts price for high-end China property

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