Friday, December 9, 2011

Dec 08 - Declining Sales Numbers for Listed Real Estate Companies Becomes a Trend in Nov

Source: Caijing.com.cn, ChinaScope Financial (Data)
+  On Dec. 7, five A and H listed real estate companies released their Nov. sales performance numbers, which show a general declining trend.
+  November’s sales value and volume for the companies China Vanke Co., Ltd. (SZSE: 000002), Poly Real Estate Group Co., Ltd. (SSE: 600048), and Country Garden Holdings Co., Ltd. (HK: 2007), showed both year-on-year and on month-on-month decreases. Only Kaisa Group Holdings Ltd. (HK: 1638) showed increase in sales value for the last three months.  Guangzhou R&F Properties Co., Ltd. (HK: 2777) showed a monthly sales value increase in Nov, but a 37% decrease from the previous year.
+  Related Data: Operating Data of Related Real Estate Enterprises

Property market downturn and intensified regulatory effects continue to pull down sales in most real estate enterprises.

Trading Comparable:

For more data on real estate industry and companies, please visit www.chinascopefinancial.com

Other News Headlines
  • Central bank Records First Monthly Decline in Foreign Exchange Reserve in 8 Years
  • Fitch Ratings: Chinese Life Insurance Companies Face Cash Flow Pressure
  • Declining Sales Numbers for Listed Real Estate Companies Becomes a Trend in Nov
  • Large Stock of Newly Built Commercial Housing Need an Estimated 12 Months to Be Sold
  • China is the World’s Largest Goods Exporter, Export of Services Increases Rapidly


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