Related News
Promising year looms for realty firms
Print Edition
Major Chinese developers listed on China’s two bourses got off to a strong start in 2016 that may herald a promising year ahead, industry analysts said yesterday.
As of Tuesday, 21 developers listed on the Shanghai and Shenzhen stock exchanges reported combined property sales of 121.3 billion yuan (US$18.55 billion) in January, a year-on-year surge of 54 percent, according to Centaline Property data.
The medium cost of these properties rose 10 percent from a year earlier to 11,800 yuan per square meter.
“Leading real estate developers continued to outperform their smaller counterparts in the first month of this year and this trend will probably extend during the rest of this year,” Centaline said.
China Vanke, Evergrande, Poly Real Estate and Country Garden registered property sales nationwide of 25.6 billion yuan, 21.2 billion yuan, 14 billion yuan and 12.5 billion yuan, respectively, in January, an annual rise of 10 percent, 83 percent, 91.5 percent and 12.6 percent.
“Despite a month-on-month retreat in sales, many developers achieved rather robust sales in January which is usually not a high season for property purchases,” said Zhu Ping, a researcher at Shanghai Homelink Real Estate Agency Co. “We expect the strong momentum to proceed this year amid easier downpayment rules.”
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
