Sunac Sees $11 Billion China Home Sales as Wealthy Buy
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Sunac China Holdings Ltd., the Chinese developer in which buyout firm Bain Capital LLC has a stake, expects to sell 28 percent more homes this year than in 2013 even as property curbs in major cities are tightened.
Sales at the luxury-home builder will be 65 billion yuan ($11 billion) this year, Chairman Sun Hongbin told reporters in Shanghai yesterday. The Tianjin-based company sold 50.8 billion yuan of properties last year, it said in a statement on Jan. 6. That was a 61 percent jump from 2012.