Though Beijing has pledged to solve the debt crisis hobbling developers, home sales remain weak in the Covid-stricken country. Photo: Zheng Yangpeng
Though Beijing has pledged to solve the debt crisis hobbling developers, home sales remain weak in the Covid-stricken country. Photo: Zheng Yangpeng

Top 100 Chinese developers saw sales plunge 40 per cent in 2022 as property crisis deepened

  • The 100 largest developers ended 2022 with 7.6 trillion yuan (US$1.1 trillion) in sales, down 41.3 per cent, according to the China Index Academy
  • It is now the ‘survival of the fittest’ as the gap between the top 10 and the bottom 50 developers on the list is widening, the report said

Though Beijing has pledged to solve the debt crisis hobbling developers, home sales remain weak in the Covid-stricken country. Photo: Zheng Yangpeng
Though Beijing has pledged to solve the debt crisis hobbling developers, home sales remain weak in the Covid-stricken country. Photo: Zheng Yangpeng
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