Sun Hongbin, chairman of Sunac China, sees no let-up in Beijing’s tight property policies. Photo: Jonathan Wong

Beijing unlikely to loosen property price controls, says Sun Hongbin, boss of construction giant Sunac China

  • Expectations of looser price controls have been building as the slowing economy has piled pressure on local governments to seek growth from the property sector
  • The builder says it has no plans to diversify its business as it reports 2018 revenue of 125 billion yuan, up 89 per cent from a year earlier
Topic |   Hong Kong company reporting season

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Sun Hongbin, chairman of Sunac China, sees no let-up in Beijing’s tight property policies. Photo: Jonathan Wong
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A construction site in Huaian, in China’s eastern Jiangsu province. Investment bank CICC recently raised its outlook for China’s property market. It says it expects national sales volume to drop by 7 per cent this year, less than a previous forecast of 10 per cent. Photo: Reuters

China new home prices grew at their slowest pace in 10 months in February, but property market expected to bottom out

  • Prices edged up by 0.53 per cent last month, their slowest pace since April 2018, in 70 cities monitored by the government
Topic |   China home price

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A construction site in Huaian, in China’s eastern Jiangsu province. Investment bank CICC recently raised its outlook for China’s property market. It says it expects national sales volume to drop by 7 per cent this year, less than a previous forecast of 10 per cent. Photo: Reuters
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