Are bullish developers dreaming?

• Published 28 Jan 2010

Following a successful 2009, property developers are predicting what many analysts consider to be overoptimistic sales targets this year.

Flushed from their success in 2009, developers are projecting robust sales targets this year. But are revenue growth predictions of 30%-40% in 2010 mere dreams? Given a backdrop of rising inflation, tightening credit policies and a series of recent government actions to rein in speculative activity in real estate, unqualified optimism hardly seems justified.

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