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















