A Country Garden residential development in Shanghai is under construction. The company’s contracted sales in March dropped by 83% on the year.
© Reuters
KENJI KAWASE, Nikkei Asia chief business news correspondent |
HONG KONG — Embattled Chinese property developer Country Garden Holdings reported Tuesday night that contracted sales in March dropped by 83% on the year to 4.3 billion yuan ($595 million).
Sales in terms of area sank 85% to 450,000 square meters.
