21 September 2018

Developers post 37.1% sales growth, website says

China’s 19 listed property developers posted combined sales of 766.34 billion yuan (US$125.76 billion) in the 10 months to October, up 37.1 percent from a year earlier, news website reported Thursday. Monthly sales were up up 15.7 percent in October alone. China Vanke Co. Ltd. (000002.CN), Shimao Property Holdings Ltd. (00813.HK), Country Garden Holding Co. Ltd. (02007.HK) and several other developers was their sales exceed last year’s figures, the report said.

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