Shenzhen’s Nanshan district. Last year, the housing sector reported sales totalling US$1.8 trillion, or seven times the property transaction volume in the US. Photo: Roy Issa

Country Garden among property developers reporting slowdown in half-yearly profit, as era of ‘skyrocketing’ growth ends

  • Interim profit at Country Garden rises by 23.4 per cent, well below the 80.2 per cent increase reported in 2018
  • Developers are struggling with thin profits, promotion and marketing costs, analyst says
Topic |   China property

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Shenzhen’s Nanshan district. Last year, the housing sector reported sales totalling US$1.8 trillion, or seven times the property transaction volume in the US. Photo: Roy Issa
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