ZCZC
BCN-17
CHINA-DEVELOPERS-SALES-GROWTH
China’s major listed developers post rising sales in Jan.-Nov.
BEIJING, Dec. 8, 2019 (BSS/Xinhua) – Major listed real estate firms in
China saw sales growth in the first eleven months, Shanghai Securities News
reported.
Nearly ten major developers have released their November reports with the
Shanghai or Shenzhen stock exchanges, most of which saw their sales increase.
China Vanke Co., Ltd., a leading property developer, reported its
contracted sales amounted to 573.5 billion yuan (81.3 billion U.S. dollars)
in the first 11 months, up 5.44 percent year on year.
Seazen Holdings Co., Ltd, another property giant, reported its contracted
sales surged 24.17 percent year on year to 246.6 billion yuan in the Jan.-
Nov. period.
House prices in China’s major cities largely remained stable in the past
months amid the country’s tightening control of the real estate market, with
officials reiterating that “houses are for living in, not for speculation.”
China’s investment in property development grew 10.3 percent year on year
in the first 10 months of 2019 to 10.96 trillion yuan, according to the
National Bureau of Statistics.
BSS/XINHUA/HR/1505