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r developers have become limited, aiming to prevent too much capital flows into the property market.
Yan Yuejin, director of that Shanghai-based E-house China Research and Dev上海419论坛品茶微信
elopment Institution, added that property developer bellwethers are proactivel
上海419论坛y paying off their debts and controlling risks, instead of pursuing aggressive expansion.
He regarded it as a positive sign that the market is on a track of more
steady development and predicted the trend will continue in the second half of this year.上海419论坛品茶微信
Sunac China Holdings Ltd, one of China’s five major property developers, expected the tightening re
gulation to cause a gradual drop in land prices from the current relatively high level back to a reason
上海419论坛able one. It will also further intensify the differentiation and the integration of the real estate industry.
“Sales and home prices will both be impacted, since people will not be hurried to buy a house,” Sunac Chairman Sun Ho
ngbin told the media when announcing the company’s interim results on Thursday in Hong Kong.上海419论坛
Sunac reported net profit of 10.29 billion yuan for the first half of 2019, up 61.7 percent compared with the same period
上海419论坛品茶微信one year earlier. Revenue increased 64.9 percent to 76.84 billion yuan year-on-year.
Sun said the company will continue to strictly control land investment in the second half so
as to decrease the gearing ratio at the end of 2019 and maintain its long-term downward trend.上海419论坛
Sunac replenished its land bank from January to April when the land market was at a momentary low level. After land
prices rebounded in May, the company stopped acquiring land through land auctions.上海419论坛品茶微信
The developer now owns a total of 213 million square meters, of wh
ich more than 83 percent were located in first-tier and second-tier cities.