BUSINESS China's top property developers see robust sales in Jan.-Aug.

BUSINESS

China's top property developers see robust sales in Jan.-Aug.

Xinhua

18:53, September 05, 2020

BEIJING, Sept. 5 (Xinhua) -- China's top real estate developers saw robust sales in the first eight months of this year, an industrial report showed.

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Highrises dominate the skyline on both sides of the Huangpu River in Shanghai. (Photo: Gao Erqiang/China Daily)

For the January-August period, the average sales volume of the top 100 real estate developers reached 73.09 billion yuan (about 10.7 billion U.S. dollars), up 4.9 percent year on year, said the report by China Index Academy, a property research institution.

The report showed that 19 real estate companies saw their sales volume top 100 billion yuan and 130 companies had sales revenue over 10 billion yuan in the first eight months of this year.

As the COVID-19 epidemic tapers off in the country, the property industry is gradually warming up, said the report.

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