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China property prices are overheating: Vanke

Firm posts 20.5% rise in net profit, in line with forecasts

Published Thu, Mar 6, 2014 · 10:00 PM
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[HONG KONG] China Vanke Co, the mainland's largest listed developer, said yesterday that property prices are overheating in some Chinese cities, the latest company to sound the alarm over real estate in the world's second-largest economy.

The warning adds to a series of recent news - from home price data to reports that developers have cut prices - that has rattled investors and hurt share pri…

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