Property News · March 27, 2020

Developers Country Garden, Sunac China warn construction, sales may be disrupted as Covid-19 subdues business activity


Two of China’s biggest property developers have warned that their sales and construction schedules are likely to be disrupted by a downturn in demand caused by the Covid-19 outbreak.Country Garden Holdings, the largest seller of homes in China, said its building and sales progress may be exposed to short-term volatility as business activities remain subdued by efforts to contain the epidemic.The warning came as the Guangdong-based builder reported a 17.6 per cent increase in core profit – which…

Source : South China Morning Post
Read more…Developers Country Garden, Sunac China warn construction, sales may be disrupted as Covid-19 subdues business activity

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