China developer Sunac flags strong 2017 profit

Hong Kong

JOINING a raft of real estate developers brimming with strong earnings, Sunac China has forecast its net profit to surge over 240 per cent in 2017 in a sign of how consolidation in the industry is boosting market share and income.

In the last two months, at least seven Chinese developers listed in Hong Kong have issued positive earnings forecasts, including the top company by sales, Country Garden.