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China home sales will rise 11%, says developer Sunac

Published Mon, Oct 21, 2013 · 10:00 PM
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[SHANGHAI] Sunac China Holdings Ltd, the Chinese developer in which buyout firm Bain Capital LLC has a stake, expects home sales to rise at least 11 per cent this year from last year amid strong demand from rich buyers.

The developer's home sales will exceed 50 billion yuan (S$10.19 billion) this year as it focuses on mid-to-high-end properties in major cities including Beijing and Shanghai, chairman Sun Hongbin told reporters in Suzhou, last Thursday. The Tian…

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