You are here: Home » Reuters » News
Business Standard

Analysis: China's top developers poised for strong sales as debt woes linger

Business Finance

Reuters  |  HONG KONG 

By Clare JimHONG KONG (Reuters) - China's large developers are tightening their hold on the country's real estate market, capturing an ever-larger share even as sales growth is expected to slow and worries about debt persist.According to the U.S. investment bank Citi, the top 10 China developers are forecast to achieve close to 35 percent market share this year, up from around 27 percent now. They held just 14.2 percent of the market in 2012.The number of developers posting more than 50 billion yuan in sales increased to 40 in 2017 from 25 in 2016, with sales growth of 53 percent to 84 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, January 10 2018. 11:36 IST