Property News · December 5, 2018

Sales at China’s top developers plunge in November as property market stares at year of recession


Two of China’s top three leading property developers saw their November sales plunge even after cutting prices by nearly a third at some of their projects, as fears of a housing recession grows larger.
China Evergrande, the country’s third-largest property developer by sales, reported on Tuesday that contracted sales declined 29 per cent to 34.1 billion yuan (US$5 billion) in November from a year earlier, a day after Country Garden Holdings, the nation’s biggest developer,…

Source : South China Morning Post
Read more…Sales at China’s top developers plunge in November as property market stares at year of recession

You may also like...