Friday, August 14, 2009

PROPERTY MARKET FIRMING UP

The commercial property market, which had seen one of the biggest falls till May, is slowly reviving as higher government incomes and an improving economy are prompting customers to invest in asset classes. Developers, who had slashed prices of their commercial projects by 4-50% due to slow demand, are now receiving more inquiries from retail investor, while institutional buyers have closed some deals.

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