Property News · March 27, 2018

Vanke chairman say era of runaway home prices has ended


The chairman of China Vanke, one of the country’s largest residential property developers, has urged industry peers to shift their focus away from purely price and expand the technical quality and variety of the nation’s housing stock, as demand eases off across the sector.
“It is very clear the era of runaway home prices and large shortages has ended in China,” Yu Liang told a briefing after the company revealed a record 30.34 per cent increase in core annual profit on…

Source : South China Morning Post
Read more…Vanke chairman say era of runaway home prices has ended

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