China's home prices continued a downward trend in more cities in June, pointing to a sluggish property market that is complicating the broader economy as growth falters, the National Bureau of Statistics (NBS) said in a statement on Friday.
New home prices in 55 of a sample of 70 major cities showed month-on-month drops in June, compared with 35 in May, while the cooling market doesn't impact the revenue of Chinese real estate developers.
Let's look at top 10 best performing real estate developers in the first half of this year, based on a list released by property research company CRIC.
No 9 Sunac China Holdings Ltd with revenue of 25.8 billion yuan ($4.16 billion)
Hong Kong-listed Sunac China acquired 24.3 percent stake in Greentown China Holdings Ltd of Hangzhou in Zhejiang province, which marked the biggest such acquisition in China's real estate sector this year.
Evergrande Group [Chinanews.com] |
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