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Chinese real estate developers will.....>

CHINA PRESS
CHINA PRESS: Chinese real estate developers will face a tightening financial
environment in the second half of this year and some may face a liquidity
crisis, 21st Century Business Herald reported on Monday. Citing a number of
industry analysts, the report said that real estate financing costs had
increased since July, with the average interest rate rising to around 8%. Citing
Yan Yuejin, director of the E-House Real Estate Research Institute, the Herald
report said developers were likely to be more conservative about land
acquisition in the short term as home sales cooled and financing became more
difficult. 

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