Visitors take in the view from the observation deck at Shanghai Tower. Home sales have been strong in the Greater Bay Area, the Yangtze River Delta area and the Beijing-Tianjin-Hebei region, thanks to demand in tier-1 cities such as Shanghai and Shenzhen. Photo: Bloomberg
China’s developers keep their investment powder dry even as home sales improved in the first 4 months of 2023
- Property sales grew 8.8 per cent in the first four months after rising by 4.1 per cent in the first quarter of the year, government data released on Tuesday shows
- Investment in property development fell 6.2 per cent in the first four months, dipping from a 5.8 per cent fall in the first quarter
Visitors take in the view from the observation deck at Shanghai Tower. Home sales have been strong in the Greater Bay Area, the Yangtze River Delta area and the Beijing-Tianjin-Hebei region, thanks to demand in tier-1 cities such as Shanghai and Shenzhen. Photo: Bloomberg
