He Miaoling, vice-president of Hong Kong-listed Evergrande Real Estate Group Ltd, said the property sector seems to have stabilized after some major shifts earlier this year, including the decline in May and the failure of some small developers.

The company's sales rose 64.4 percent to 56.21 billion yuan from January to May. That's more than half of the full-year sales target of 110 billion yuan, company sources said.