Property News · March 28, 2017

Sunac says China’s price control policies are the ‘toughest ever’


Sunac China Holdings, with its first profit decline since 2010, said the country’s home developers face unprecedented challenges from a government push to cap prices, underscoring its push to diversify its business with its January investment in LeEco.
“This round of policy control has a particularly far-reaching effect on the market,” Sunac’s chairman Sun Hongbin said during a press conference in Hong Kong. “Home sales will be largely impacted in the second half,…

Source : South China Morning Post
Read more…Sunac says China’s price control policies are the ‘toughest ever’