China’s biggest property developers are still struggling to sell homes, as a resurgent Covid-19 pandemic combined with a slowing economy to deter big-ticket investments, offering little respite to the most leveraged among them.The collective sales value of China’s top 100 developers fell 41 per cent in January from last year to 526.6 billion yuan (US$82.7 billion), widening the slump from the 38 per cent contraction in December, according to the China Real Estate Information Corporation, which…
Source : South China Morning Post
Read more…China housing market: no respite for Fantasia, Modern Land and Sunac as they lead sales declines in January
