Property Report Asia states an investigation of 7,136 major real estate enterprises shows that:
57.2% of enterprises surveyed saw profit in the first half of this year unchanged from the same period of 2007.
39.3% predict their profit in the latter half of this year will remain the same as in the first half.
49.1% of real estate enterprises say their newly constructed area since this year was equal to the level in the same period of 2007.
40.4% say the area dropped.
0.5% say the area increased.
Prospects in the latter half:
50.1% hold that house sales in the latter half will drop by 5-10% year on year.
39% believe that sales will maintain the level of the year beforel.
10.9% hold it will increase.
The investigation shows that half of the 7,136 enterprises surveyed predict drops in sales in the second half, half believe the economic profit will not deteriorate in the same period.
Source: Property Report Asia