China Financial Daily

See also the developer back to the property market turnover rose pressure
On the many developers began to “Happy Valley enclosure”, the market is coming back to some of the news business.

Yesterday, industry insiders pointed out that the current appearance of the land market is booming, once the property market turnover decline, poor financing, some developers will be faced with tight financial situation. Recently, the turnover of the real estate market rebound in the domestic real estate decompression failed.

April 28, Qixia building [6.81 -3.13%] (600533, SH) annual report in 2008 said that in March 2009, the company and land management in Wuxi City to reach an agreement, the ninth lifted the cotton textile factory in Wuxi block contract to sell the land.

Back to the reason for building Qixia said the company in 2007, Wuxi and Nanjing in an increase of two relatively high cost of land reserve, the company focus in 2008 is how to put one of these land reserves.

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