Property News · March 13, 2017

Chinese developers set to post strong profits after home prices surge


Hong Kong-listed Chinese property developers are set to post much improved year-end results after house prices skyrocketed in the past two years.
But bigger foreign exchange losses will hit some builders’ bottom line, analysts say, as the majority of developers prepare to announce their 2016 earnings in late March.
The sector’s average core profit, which excludes foreign exchange losses, is likely to expand between 10 per cent and 20 per cent from a year ago, according to four…

Source : South China Morning Post
Read more…Chinese developers set to post strong profits after home prices surge

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