Poly Real Estate, China's second-largest property developer by market value, had a third-quarter net profit almost doubling the previous quarter due to a reviving housing market, it said in a filing to the Shanghai bourse Monday.

The company reported a 1.31 billion yuan ($210 million) net profit attributable to its equity shareholders in the third quarter of this year, up 94.96 percent from a year ago. A total net profit of 3.82 billion yuan for the first three quarters was up 10.21 percent compared with the same period in 2011.

China's housing market had cooled down after the central government's cooling measures, but the third quarter showed signs of active sales and increasing land sales.