BEIJING, Nov. 2 (Xinhua) -- China's top 100 real estate developers by sales saw slow sales growth from August to October this year, according to the data released by the research center of China Real Estate Information Corporation (CRIC), a subsidiary of E-House (China) Holdings Limited (NYSE: EJ), on Thursday.
Data showed that the month-on-month sales increase of China's top 100 real estate developers from July to October were 58.1 percent, 52.2 percent, 34.1 percent and 26.1 percent, respectively, presenting a downtrend. These companies' sales in October decreased by 10.5 percent compared with the previous month.
Despite the sales decline in October, these companies still witnessed a great increase in the total sales. Statistics provided by CRIC showed that the overall sales of these companies was close to 7.8 trillion yuan in the first ten months of 2018, up 38.5 percent year on year. 27 companies achieved a monthly sales of over 10 billion yuan.
Due to market regulation and strong wait-and-see attitude, the domestic housing market may maintain a generally steady downtrend for the developers in the coming two months, said Yang Kewei, research director of the research center of CRIC. (Edited by Gu Shanshan)
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