China’s Agile Property Holdings reported a 51% fall in profit in the six months to 30 June.
The homebuilder’s chairman, Chen Zhuolin, said it expects to reach its full-year target for contracted sales. Flexible sales strategies will be used to clear housing inventories, the company said.
Agile plans to dispose of non-core assets, using the proceeds to buy better projects, Chen said. The sales will go ahead providing the price is reasonable, chief financial officer Sam Cheung said. No timeframe has been given.
