Property News · February 5, 2019

Country Garden, China Evergrande and China Vanke among developers reporting decline in January home sales


Mainland Chinese property developers have reported a decline in home sales for January, in a sign the Year of the Pig could be in for a rocky start.
According to property consultancy CRIC, more than 30 per cent of the mainland’s top 100 developers posted a year-on-year drop in housing contract sales, or presales of unfinished homes, for the first month of 2019. Among these, 13 reported a more than 30 per cent decline in sales.
Buoyed by easing, expected end to Fed rate hikes, China…

Source : South China Morning Post
Read more…Country Garden, China Evergrande and China Vanke among developers reporting decline in January home sales

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