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Deutsche Bank released a report and cut the GDP forecasts of China to 7.3% for 2014 and 7% for 2015, reflecting the slowdown in the growth of property investment. Property sales remained subdued in September. In view of the previous housing cycles, the turning point of property sales preceded property investment by around seven months. Hence, it is expected that the property investment in Mainland will experience a further slowdown, at least into mid-2015. 

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