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CHINA PRESS: Chinese smaller property developers face increasingly higher costs
and difficulties obtaining capital as regulators rein in banks' lending to them
by ex-balance sheet channels, while overseas capital-raising becomes more
expensive, the 21st Century Business Herald reported citing Yan Yuejin, director
of the Shanghai-based E-house China Research and Development Institution. There
have been 408 property developers filing bankruptcy with courts by Oct 27, the
newspaper said citing court website. Housing prices may face corrections, Yan
was cited as saying.