The second half of Chinese residential prices fell 10-15%

On the afternoon of July 22, Fu Be, a s&p corporate-rating director, said Wednesday that the second half of Chinese residential prices are expected to fall 10-15%, but the chances of a sharp correction in real estate companies are slim, and if the timing is right, mainland companies will continue to send debt to Hong Kong. In an interview with Reuters, she said that many real estate companies were downgraded in 2008, and the ratings now take into account the industry's volatility. The S & P strives to make the rating at a more average level, thereby having a certain endurance on both the uplink and the downside. "We think the chances of a sharp adjustment in the second half of the year should be low unless there is an emergency." She said that the second half of the Chinese real estate market will be centrally adjusted, the new price is expected to 10-15% decline. "The second half of the year will be a period of intensive adjustment, with the result that apart from the policy side, many developers have more than 09 years ' volume of goods on hand," he said.　　"she said.　　If the market window permits, mainland companies, including housing firms, will be issuing debt, Fu Be said. Data show that China's June 70 large and medium-sized cities in the country's housing sales price rose 11.4%, the chain fell 0.1%, for the first time in February 2009 to decline in the chain.