Vanke’s core profit, which excluded revaluation gains on investment properties, was 27.28 billion yuan (US$4.35 billion) in 2017, up from 20.93 billion yuan a year earlier, according to the filing to Shenzhen Stock Exchange on Tuesday. Photo: Reuters 

Vanke chairman say era of runaway home prices has ended

Yu Liang urges industry peers to diversity the country’s housing stock, and focus more on specialist and technical needs rather than purely chasing sales

Topic |   China Vanke

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Vanke’s core profit, which excluded revaluation gains on investment properties, was 27.28 billion yuan (US$4.35 billion) in 2017, up from 20.93 billion yuan a year earlier, according to the filing to Shenzhen Stock Exchange on Tuesday. Photo: Reuters 
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