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Guangzhou developer cuts target, rules out price war
Add BT as a preferred sourcePublished Thu, Aug 20, 2015 · 09:50 PM
Hong Kong
CHINESE developer Guangzhou R&F Properties said on Thursday it will not engage in a price war to achieve its full-year sales target after it lowered that goal for 2015 by 8.3 per cent.
The 15th largest property developer by sales in China revised down its 2015 sales target to 55 billion yuan (S$12 billion) from 60 billion yuan, representing flat growth from 2014.
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