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Leading Housing Developers See Home Sales Improve

MNI (Singapore)

Leading property developers saw home sales recover in November amid intensive policy support to ease funding pressures, China Securities Journal reported. Though home sales of top 100 developers dropped by 0.3% m/m, nearly 40% of them achieved month-on-month growth, with some including Greenland Holdings and Wanda Group reporting growth in over 40% of their developments, the newspaper said citing data by China Real Estate Information Center. Many cities continue to optimise housing market regulations, which will boost market confidence, but home sales will take time to bottom out, the newspaper said.

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