(MENAFN)An industry statement reveals that China's most important property developers posted vigorous sales expansion in April.
Sales of 100 studied major property developers increased 32 percent year on year to almost 1.04 trillion yuan (about USD160.8 billion), according to statistics from property research institution CRIC.
The number showed a month-on-month drop of 4.2 percent, CRIC statistics reveal.
The government has kept its tighter rule of the property sector, counting home purchase curbs and stricter mortgage strategies, to guarantee that "housing is for living in, not for speculation."
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