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CHINA PRESS: Concentration in the property sector is expected to increase next
year as sales slow down and fund-raising gets harder, the China Securities
Journal reported Wednesday. Property sales are expected to decelerate next year,
which will pressure smaller property companies, the report said. The leading
companies will ensure their growth through mergers and acquisitions, with the
top ten companies taking a 60% market share, the report said. There are many
uncertainties in the property market next year, but a sharp decline is not
possible, the report argued, adding that restrictions on mortgages and purchases
will continue to have their main impact to Tier 1 and Tier 2 cities. (China