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Realty sector on steady growth track-Eastday


From:ChinaDaily   |  2021-07-07 07:42
Project quality, customer services and better management key drivers for firms
A total of 19 real estate developers in China said their sales revenue exceeded 100 billion yuan ($15.47 billion) in the first half, which experts said was not only due to the low base in COVID-19-savaged 2020, but also led by China s strong recovery and stabilization of the sector s performance.
The nation s 100 largest real estate companies saw average sales revenue from January to June soar 40 percent year-on-year to 69.3 billion yuan despite tightening measures on land and financing. Their combined market share hit 56.6 percent, according to data collected by the China Index Academy. ....

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A Housing Frenzy Is Sparking Bidding Wars From New York to Shenzhen


A Housing Frenzy Is Sparking Bidding Wars From New York to Shenzhen
Bloomberg
5 hrs ago
(Bloomberg) Around the world, property markets are going bananas. 
From the U.S. to the U.K. to China, housing is riding an extended boom. Global valuations are soaring at the fastest pace since 2006, according to Knight Frank, with annual price increases in double digits. Frothy markets are flashing the kind of bubble warnings that haven’t been seen since the run up to the financial crisis, a Bloomberg Economics analysis shows.
On the ground, outrageous stories are rife, with desperate buyers promising to name their first-born after sellers and derelict buildings selling for mansion prices. ....

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