Sunac China Holdings, mainland China’s fourth largest developer, is not optimistic about the country’s property market.The company expects to generate 550 billion yuan (US$81.8 billion) from home sales this year. Although that would represent a 19 per cent rise, it would be a slower growth rate than last year’s 27.3 per cent increase and a far cry from the 140.3 per cent growth it saw in 2017.Chairman and founder Sun Hongbin said in a post-earnings press briefing on Friday that the company will…
Source : South China Morning Post
Read more…Beijing unlikely to loosen property price controls, says Sun Hongbin, boss of construction giant Sunac China
