Property News · June 6, 2017

China’s big developers saw sales decline in May on property curbs


China’s top three mega developers, which represent a tenth of the country’s market, saw their contracted sales drop 14.4 per cent month on month in May as property tightening measures continue to weigh on the market and developers delay sales amid price controls.
The big three delivered combined sales of 114.1 billion yuan (US$16.79 billion) for the month compared with 133.3 billion in April, according to their public filings.
Country Garden, the country’s largest developer by…

Source : South China Morning Post
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