11.04.2012 - No hard landing for Chinese real estate
The desperate days when Chinese property developers offered free cars as an inducement to homebuyers look to be over. Sales and earnings figures indicate some of the gloom is lifting as developers have enjoyed a second straight month of rising sales. Vanke, China’s biggest developer by sales, said last week that March sales had risen 24 percent year on year, while 2011 profits rose 30 percent. Another firm, China Overseas Land, posted a 21.5 percent profit rise last year...............................................Full Article: Source
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