Chinese Property Enterprises See More than 200% Sales Rise in March as COVID-19 Lockdown Eases

 -  -  294


Property companies in China have seen a sharp rise in sales following the loosening of nationwide lockdowns to contain the COVID-19 outbreak.

A report from Shidai Caijing (时代财经) examined the sales levels of 25 property companies throughout China that have released their performance results for March.

According to the report these companies posted an increase in sales compared to the previous month of over 200% on average, while some companies even saw gains compared to the same period last year.

China Jinmao saw the strongest YoY growth with sales contracts of 13.045 billion yuan in March, for a YoY rise of 29.99%.

Risesun Real Estate Development saw sales contacts of 7.734 billion yuan in March, for a month-on-month rise of 591.77%.

Evergrande Group saw the strongest sales performance in March at 62.08 billion yuan, although the average price for its contractual sales was 8938 yuan per square metre, for a YoY decline of 16.54%.

Related stories

Chi­na’s Pre-owned Hous­ing Prices Drop for First Time in 58 Months, Prop­erty Pol­icy Set­tings Un­al­tered

Prop­erty De­vel­op­ment In­vest­ment Drops 16.3% YoY in Jan­u­ary-Feb­ru­ary, Com­mer­cial Hous­ing Sales Floor­space Plunges 39.9%

Nearly 90% of Listed Chi­nese Prop­erty Firms See Sales De­clines in Jan-Feb

29 recommended
comments icon 4 comments
4 notes
447 views
bookmark icon

One thought on “Chinese Property Enterprises See More than 200% Sales Rise in March as COVID-19 Lockdown Eases

    Write a comment...

    Your email address will not be published. Required fields are marked *