Property News · August 24, 2022

Chinese state-backed developers COLI, Poly Property book smaller profits as ‘three red lines’ stokes worst rout in home sales since 1998


Covid-19 lockdowns, ‘three red lines’ policy and other economic challenges contributed to weaker profits amid the housing industry’s worst slump since 1998.

Source : South China Morning Post
Read more…Chinese state-backed developers COLI, Poly Property book smaller profits as ‘three red lines’ stokes worst rout in home sales since 1998