Debt carried by the nation’s developers was 1.05 trillion yuan ($162 billion), the Xinhua News Agency reported on Monday, citing figures compiled by the Shanghai-based data provider, Wind Information.
The figures were based on the 113 mainland-listed developers and their first-quarter filings.
The value of unsold houses was up 40.2% to CNY903.5 billion, the Xinhua report said.
903.5 Billion CNY == 139 Billion USD
2 comments:
40% rise? Wow, with those valuations they should sell! 8)
I should have used the term "total valuation" perhaps.
Post a Comment