Chinese developers Poly, Longfor, CIFI report mixed results as forlorn property market awaits buyer-confidence rebound
Mainland China’s largest property developers reported mixed 2023 results on Tuesday amid regulatory moves to rescue the country’s slumping housing market, with Poly Property Group, Longfor Group Holdings and CIFI Holdings Group posting a jump in profit, a halving of profit and a narrowing loss, respectively. Homebuyer confidence remains weak despite stronger policy support for