RoundUp

Chinese property developers have reported surging sales for 2017 despite a cooling market due to curbs on speculation.

Thirty-one listed property developers have disclosed their sales performance in 2017, with a total sales volume reaching 3.38 trillion yuan ($518.1 billion), up 54 percent year-on-year, according to the research center under Centaline Property.

Most of the property developers saw a sales increase of over 40 percent, with Sunac China Holdings Limited reporting a whopping 143 percent rise.