Free Trial

Leading Housing Developers See Home Sales Improve

CHINA PRESS
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.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.