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China Developers Post Highest Sales This Year: Journal

CHINA PRESS
MNI (Sydney)

Chinese real estate developers recorded the highest sales for the year in September even as authorities tightened regulations and financing conditions, China Securities Journal said citing Zhang Dawei, chief analyst with Centalin Property. Home sales rose 19% y/y last month, a clear sign that the housing market has recovered from the pandemic, Zhang said. Home sales remained at a high level during the Oct. 1-8 holiday, as the number of units sold increased 14% for larger cities, the Journal reported citing data from unnamed institutions.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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