Industries > Real Estate

China's major property developers see rising sales in May

Xinhua News,BEIJING
2020-06-14 22:12

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BEIJING, June 14 (Xinhua) -- Sales of China's leading property developers saw robust growth in May, an industry report showed.

Sales of the surveyed 100 major property developers rose 21.3 percent month on month to 1.09 trillion yuan (about 153.9 billion U.S. dollars), according to data from CRIC, a property research institution.

The figure represented year-on-year growth of 12.2 percent, CRIC data showed.

In breakdown, 77 of the 100 surveyed property developers reported rising sales in May from April, and 67 saw year-on-year growth in sales in May.

The report attributed developers' rising sales to their active marketing strategies and increased supply of houses.

Despite the impact of COVID-19 on the sales of housing enterprises from the beginning of the year, the current market performance is gradually recovering, said the report.
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