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Xinyuan Real Estate Co., Ltd. Message Board

  • infn444 infn444 May 8, 2013 8:04 AM Flag

    Real estate "slow down"

    hina Vanke Co Ltd, the nation's largest real estate developer by sales, has posted a significant drop in April revenue from March, in a clear sign that the government's efforts at curbing housing prices have started to affect major developers.
    Its revenue fell 18.55 percent month-on-month to 12.38 billion yuan ($2.01 billion) in April, it revealed in a filing to the Shenzhen Stock Exchange.
    However, the industry giant's year-on-year figures showed the property market is still growing.

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