Concentration in the property sector....>

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

Securities Journal)