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China’s major property developers see rising sales in April

Abstract : China's leading property developers saw robust sales growth in April, an industry report shows.

BEIJING, May 9 (Xinhua) — China’s leading property developers saw robust sales growth in April, an industry report shows.

Sales of 100 surveyed major property developers rose 32 percent year on year to nearly 1.04 trillion yuan (about 160.8 billion U.S. dollars), according to data from property research institution CRIC.

The figure represented a month-on-month decline of 4.2 percent, CRIC data shows.

The government has maintained its tighter regulation of the property sector, including home purchase curbs and stricter mortgage policies, to ensure that “housing is for living in, not for speculation.”

The report predicted that the slowdown in the growth of large-scale housing enterprises will become the norm in the future as investment and scale expansion momentum decreases. Enditem

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Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s major property developers see rising sales in April

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