Property News · March 1, 2022

More property sector easing expected as Chinese builders struggle to sell homes, analysts say


China’s biggest property developers are struggling to sell homes despite the introduction of some relaxation measures by Beijing.The value of the combined contracted sales at the country’s top 100 developers fell 47.2 per cent in February from last year to 401.6 billion yuan (US$63.6 billion), widening from a slump of 41 per cent in January, according to China Real Estate Information Corporation (CRIC), which compiles industry data. Contracted sales or presales, which account for about 90 per…

Source : South China Morning Post
Read more…More property sector easing expected as Chinese builders struggle to sell homes, analysts say

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