Chinese cities property volume sales going strong: Macquarie Wealth Management

| Jul 8,2015

Volume sales of units in Tier 1 Chinese cities increased 65% in the four weeks to July 5 2015 when compared to the same period last year, despite the country's economic turmoil. Shenzhen unit volume sales increased 174% when compared to last year.

According to Macquarie Wealth Management China Property research, 12 developers reported June sales, amounting to 34% month on month growth.

Evergrande’s sales for the first half of 2015 increased 26% year on year.

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Chinese cities property volume sales going strong: Macquarie Wealth Management

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.