China’s second-largest developer has claimed that the worst of the country’s record housing slump is finally over.
China Vanke chairman Yu Liang said at the firm’s annual general meeting this week: “In the short term, the market has bottomed out, but the recovery is a slow and gentle process and will take time.”
He cited a mild sales increase in May from April in first- and second-tier cities, adding that the recovery may become more distinct in June.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
