China’s nationwide new home sales storm ahead in April, extending rebound for second month

//China’s nationwide new home sales storm ahead in April, extending rebound for second month

China’s nationwide new home sales storm ahead in April, extending rebound for second month

Mainland developers reported April sales topping US$115 billion, surging nearly 17 per cent on year and extending upbeat momentum from March, even as new curbs to cooling the housing market were imposed in some cities.Combined contracted sales by the largest 100 Chinese developers totalled 779.8 billion yuan ($115.8 billion) for the month, 5.8 per cent lower than March, according to property consultancy China Real Estate Information Corp (CRIC).The April sales figure represents a gain of 34.6…

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By | 2019-05-01T07:49:14+00:00 May 1st, 2019|Business|Comments Off on China’s nationwide new home sales storm ahead in April, extending rebound for second month