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The 96 property firms that have released annual reports showed that their combined business revenue was 908.1 billion yuan in 2016 (about 132 billion U.S. dollars), up 28.5 percent year on year, according to a report by Xinhua-run Economic Information Daily [url=http://www.cheapjerseysbuccaneers.com/jameis-winston-jersey/]Authentic Jameis Winston Jersey[/url] , which cited data from leading real estate agency Centaline Property.

Their combined profits were 88.33 billion yuan, a jump of 28.9 percent from the previous year that brought the sector's net profit margin to 9.73 percent from 9.69 percent in 2015.

The profit rebound is largely attributable to easing policy environment for most of 2016, which saw a boost in both prices and sales.

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The report also noted the trend of divergence among property developers, with the stronger ones showing faster profit growth and more resilience than less competent players.

Research from the China Index Academy found a progressive decrease in the profitability levels at the top 100 property companies in China. That is to say, as you moved lower down the ladder, companies made less profits.

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For the industry's outlook in 2017, a majority of property firms stood optimistic on the market although tightening policy restrictions in major cities are set to slow sales.

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