Moody's announced that its 29 most-rated Chinese property developers outperformed the wider market in the face of sustained regulatory measures adopted to control property price growth.
The rating agency said this trend is expected to persist for the remainder of 2017.
Moody's credits the 72.2% year-over-year growth in cumulative contracted sales over the first four months of 2017 to the companies' increased saleable resources, firm liquidity, reputable brands and ideal project locations. The cumulative contracted sales growth also far outdid the 16.1% recorded for national sales growth for the same period.
Meanwhile, Moody's liquidity index for investment-grade and high-yield Chinese property developers also weighed in at 9.8% in April, logging its best performance since August 2011, with only five developers having reported weak liquidity, as at April 30.