Property News · July 1, 2019

Sales at China’s top 100 developers slow down in the first half as property curbs bite


Sales at China’s top 100 developers slowed significantly in the first half, and the outlook for the second half remains weak amid a tightening of home buying restrictions and a funding squeeze on builders in place since May, a report from property consultancy CRIC showed on Monday.Excluding revenue from jointly developed projects, contracted sales at these 100 companies rose 4 per cent year on year to 3.9 trillion yuan (US$570 billion) in the first six months, a sharp drop from the 37.6 per…

Source : South China Morning Post
Read more…Sales at China’s top 100 developers slow down in the first half as property curbs bite