BEIJING, Feb. 14 (Xinhua) -- China's real estate developers saw dropping sales of properties in the first month of 2019, reported the Xinhua-run China Securities Journal on Thursday quoting related research institution.
According to Centaline Property, a housing market services provider in China, as of February 13, a total of 30 Chinese real restate developers have unveiled their sales data in January 2019.
Statistics show that the total sales of these companies in January 2019 down 12 percent year on year to 328.829 billion U.S. dollars.
Among them, many large real estate developers have encountered sales decline in the month.
For instance, the top three real estate developers by sales, namely China Vanke Co., Ltd. (000002.SZ), Evergrande Group (03333.HK) and Country Garden Holdings Co. Ltd. (02007.HK), saw their sales in January 2019 fell significantly by 28.1 percent, 32.9 percent and around 28.1 percent year on year, respectively.
According to Zhang Dawei, an analyst at Centaline Property, such performance resulted from the gradual cooling of the property market as well as the high sales base over the same period of 2018.
Relatively weak available resources and the notable fall back of the property sales rate since the third quarter of 2018 were also reasons for the performance, pointed out Han Xiao, an analyst at Huatai Securities (601688.SH).
However, sales of small and medium-sized real estate developers were relatively stable in January 2019. Data show that 22 such companies have achieved sales growth as compared with the same period of last year.
Judging from such situation, property markets in first- and second-tier cities may continue to slump while property markets in third- and fourth-tier cities may encounter cooling in the coming months, predicted Zhang.
While in Han's opinion, the sales growth of key real estate developers in 2019 may fall back as compared with 2018 but still maintain above 10 percent. (Edited by Gu Shanshan)
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