Five listed real estate developers in South China havesuccessively released their financial results for April 2009 and they all report a surge in terms of home sales which they attribute to a series of preferential macro-economy control policies.
Trading Markets reports that:
Gemdale sold 147,800 square meters of houses up an amazing 194.2% year on year with total sales value up 197.5% to RMB 1.495 billion.
China Overseas Land & Investment home sales value rose 115.2% and 148.8%.
Poly Real Estate sold around 484,000 and 242,100 square meters of commodity houses.
Guangzhou R&F Properties sales rose 67.8% and 98% from a year earlier.
China Vankesold commodity houses covering 595,000 square meters, with a 23.7% growth, and total sales value was up 22% to RMB5.27 billion.