Mar
27
Online Property Companies Soar on China’s Real Estate Recovery
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Leju’s ADRs jump most on Bloomberg China-US Equity Index
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SouFun also rebound on rising prices in major cities
Real estate Web portals Leju Holdings Ltd. and SouFun Holdings Ltd. are standing out among U.S.-traded Chinese stocks, rebounding as government stimulus and a recovering property market improves the outlook for growth.
Leju has surged 44 percent over the past month in the best performance on the Bloomberg China-US Equity Index, which gained 4.6 percent during the same period. SouFun has rebounded 25 percent from this year’s low in February. Both were among the 10 worst-performers on the gauge this year through early February, slumping at least 40 percent while the benchmark slid 23 percent…
Online Property Companies Soar on China’s Real Estate Recovery
