On Monday Hangzhou-based property developer GreentownChina HoldingsLtd. said it is considering disposing of some of its property projects toboostits cashflowrather than cut prices.
GreentownChinaHoldings of Hangzhou, which earlier this year took on Hong Kong property giant Wharf as a new investor, said yesterday first-half net profit doubled to 1.8 billion yuan and its debt load had come down.