Many mainland developers have already announced 10 to 20 per cent increases in contracted sales for this year after a stellar performance last year, but found conditions tough in the second quarter. Photo: AFP

Developers expected to slash house prices to ease housing inventory oversupply

Rising housing inventory and sluggish sales are expected to force the hand of property firms needing to clear stock amid slump, analysts say

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Many mainland developers have already announced 10 to 20 per cent increases in contracted sales for this year after a stellar performance last year, but found conditions tough in the second quarter. Photo: AFP
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