Colliers International , Shanghai

"It is now a consensus that China's property market is slated for a correction in the post-Olympic era.  While the status quo leads to more cautious market sentiment, we believe that China's economy will not derail from the growth trend in the medium term.  On the other hand, the growing number of private equity funds are injecting liquidity into the property market at times of credit tightening from banks.  Following the footprints of these funds, the current market correction should provide good opportunity for latecomers."

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About Colliers International

Colliers Macaulay Nicolls Inc. (CMN), operating as Colliers International, is a
leading international real estate services company that provides a full range
of services to commercial real estate users, owners and investors worldwide.
These services include brokerage, property management, hotel investment
sales and consulting, corporate services, valuation, consulting and appraisal
services, mortgage banking and research. Through greater knowledge and
specialization, CMN strives to accelerate the success of all its clients,
partners, professionals, management and staff. CMN is a FirstService
Company (Nasdaq: FSRV; TSX: FSV.SV). CMN is the largest member firm of
Colliers International, one of the world's top commercial real estate services
organizations, with revenues over US$2 billion in 2007 and 293 offices in 61
countries. CMN can be found on the Web at http://www.colliersmn.com.
Locally, Colliers professionals serve clients throughout China. Find out more
at www.colliers.com/china.

Contact Information

This information is distributed for Colliers International (Shanghai) by:

Hingyin Lee
Director, Research and Advisory – East China
Tel : 86 21 6141 3580
Fax : 86 21 6141 3699
Email: hingyin.lee@colliers.com

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