By Charlie Zhu and Umesh Desai
HONG KONG (Reuters) - China's property developers are facing increasing liquidity pressure over the next six to 12 months and tightening credit conditions may see some cut prices, Standard and Poor's said on Tuesday.
Niche players that develop high-end properties in top-tier Chinese cities such as Beijing and Shanghai may "feel the most heat" as these properties are generally affordable to only a highly concentrated group of investors, it said in a report.
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