Beijing unlikely to loosen property price controls, says Sun Hongbin, boss of construction giant Sunac China

//Beijing unlikely to loosen property price controls, says Sun Hongbin, boss of construction giant Sunac China

Beijing unlikely to loosen property price controls, says Sun Hongbin, boss of construction giant Sunac China

Sunac China Holdings, mainland China’s fourth largest developer, is not optimistic about the country’s property market.The company expects to generate 550 billion yuan (US$81.8 billion) from home sales this year. Although that would represent a 19 per cent rise, it would be a slower growth rate than last year’s 27.3 per cent increase and a far cry from the 140.3 per cent growth it saw in 2017.Chairman and founder Sun Hongbin said in a post-earnings press briefing on Friday that the company will…

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By | 2019-03-29T07:12:50+00:00 March 29th, 2019|Business|Comments Off on Beijing unlikely to loosen property price controls, says Sun Hongbin, boss of construction giant Sunac China