Property News · August 22, 2019

Country Garden among property developers reporting slowdown in half-yearly profit, as era of ‘skyrocketing’ growth ends


Four mainland Chinese property developers reported slow growth in half-yearly profits on Thursday, in a sign even the top companies are losing momentum amid tighter regulations and slowing sales growth.Country Garden, the largest seller of homes in China, reported a 23.4 per cent increase in its interim core net profit, excluding valuation gains and foreign-exchange losses, to 15.98 billion yuan (US$2.25 billion) for the six months ending on June 30, according to a filing with the Hong Kong…

Source : South China Morning Post
Read more…Country Garden among property developers reporting slowdown in half-yearly profit, as era of ‘skyrocketing’ growth ends