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Chinese developers Poly, Longfor, CIFI report mixed results as forlorn property market awaits buyer-confidence rebound

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Chinese developers Poly, Longfor, CIFI report mixed results as forlorn property market awaits buyer-confidence rebound


State-owned Poly Property reported a nearly 77 per cent year-on-year jump in profit attributable to shareholders to 1.45 billion yuan (US$199.5 million), according to the company’s annual report published on Tuesday. Contracted sales rose 7 per cent to 53.6 billion yuan compared with the previous…

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