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Moody's: China's housing prices could down 15%-20%

12-02-2010 09:57 BJT

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Moody's, the world's leading rating agency, is optimistic that China's property market will cool. It's expecting a moderate correction in the country's housing prices in 2011. It predicts housing prices could come down by 15 to 20 percent in the coming 12 months.

It did, however, rule out any drastic correction, saying the improved liquidity positions of developers, a result of robust sales over the last year, will reduce the risk of any panic sales.

Editor:Xiong Qu |Source: CNTV.CN

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