A woman holds a bottle of tea in front of an electronic board displaying stock prices at a brokerage house in Hangzhou. Of the main names in the property sector, shares in Shanghai-listed Greenland Holdings, China Fortune Land Development and Gemdale for instance have all gained at least 26 per cent in value this year. Photo: AP

Top analysts question fundamentals behind China’s property shares surge

With developers taking four spots in the 10 top gainers list on country’s flagship stock index this year, analysts from Shenwan Hongyuan Group and Hationg Securities both agree investors are being over-optimistic

Topic |   China stock market

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A woman holds a bottle of tea in front of an electronic board displaying stock prices at a brokerage house in Hangzhou. Of the main names in the property sector, shares in Shanghai-listed Greenland Holdings, China Fortune Land Development and Gemdale for instance have all gained at least 26 per cent in value this year. Photo: AP
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