CREIS: Chinese Home Builders Reach 40% of Yearly Sales Target in 1H, Growth Ceiling Hit

Developers will focus on reducing inventory in the second half of the year. The average firm completed only 41.4% of its sales target for the year, with some under 40% that will be under pressure in the second half. A clear growth rate ceiling has been hit by the developers, with the average firm aiming for 9% growth in 2015.

In the lead, Evergrande hit 60% of its target in the first half, followed by 59% at Wharf Holdings. At the bottom, Sino Ocean Land only hit 29% of its sales target; China Merchants Property reached 34%.

iFeng: 房企半年报：销售目标完成四成 下半年去库存