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Property Developers Speed Up Home Delivery - Caixin

CHINA PRESS
MNI (Singapore)

Property developers are accelerating the delivery of unfinished housing projects, though they still remain cautious about kicking off new projects amid sluggish demand, Caixin reported. The decline in completed projects had been narrowing rapidly on a year-on-year basis. On a month-on-month perspective, the completed areas increased by 41.5% in October, showing signs of stabilization, Caixin said. The delivery of completed homes will continue to accelerate following recent measures to help ease developers’ financing pressures, the newspaper said.

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