Property developers build healthy profits in Q1

As of Wednesday, 124 out of 130 listed property developers had unveiled their 2012 financial reports, and 74 saw their profits grow.

A 20 percent growth in 2012 net profit was reported by 45 developers.

Nine developers reported net profit growth above 100 percent, and another 10 companies saw net profit grew between 50 and 100 percent.

The top developers achieved 12.46 percent of the market share in 2012, an increase of 2.03 percent year-on-year. The market share of the top 20 developers rose 2.77 percent from 2011.

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