SUBSCRIBERS
China developer Sunac flags strong 2017 profit
Published Tue, Mar 6, 2018 · 09:50 PM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co