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China developers ease home sales in face of worst year since ‘08

Posted on 19 January 2012

China’s biggest developers slowed home sales toward the end of 2011, bracing for the worst property market in three years as the government vows to keep real-estate curbs.
Contract sales, or sales booked before apartments are completed, dropped 30 percent last month at China Vanke Co., as the country’s biggest developer by market value offered fewer homes from November. Evergrande Real Estate Group Ltd., the second-biggest Chinese developer by revenue, said sales in November and December were the lowest for the year………………………………………..Full Article: Source


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