Date
23 August 2017

Sunac China sees sales up 19% this year, WSJ says

Property developer Sunac China Holdings Ltd. (1918.HK) said it expects its sales to rise 19 percent this year as demand from homebuyers remains strong, the Wall Street Journal reported Wednesday. Sales are likely to surpass 65 billion yuan (US$10.7 billion), up from 54.7 billion yuan last year, chairman Sun Hongbin was quoted as saying. Home sales rose 54 percent in 2013. Earnings in the six months to June 2013 rose 43 percent to 750 million yuan from a year earlier, the report said.

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