Vanke President: The Golden Age is Over

Yesterday it was SOHO China's Pan Shiyi comparing the housing market to the Titanic, now Vanke's president chimes in:
China’s ‘Golden Era’ for Property Over, Vanke President Says
“The period in which everybody makes money out of property is gone,” President Yu Liang told reporters May 26 in Dongguan, a southern city in Guangdong province. “Vanke will take a cautiously optimistic approach to face the slowdown and target those buyers who need homes for self-use.”

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