Vanke says property market regulation will have a significant impact on housing market

According to foreign September 1, Xinhua quoted Vanke A (000002.SZ) that the government's property market control measures will have a significant impact on the real estate sector, and will end the rapid rise in housing prices in some cities.　　The report said Vanke believes that because the housing market supply is likely to increase, real home buyers in the second half will determine the price of the property market, but Vanke did not make any concrete forecasts of the future property price trend. Vanke also said that, although the commercial real estate projects to improve the operation, but the development of residential property will remain the company's main business.　　In addition, the company has no plans to expand its overseas business for the time being.　　Since mid-April this year, the government has taken a series of property controls, including raising down-payment and interest rates on mortgages to curb excessive price rises. According to market share, Vanke is China's largest real estate development company.　　Company August 9 Night released 2010.5 Annual report shows that the company achieved sales area of 3.202 million square meters, sales amount of 36.77 billion yuan, sales amount increased 19.5%. Vanke A shares September 1 to 8.47 yuan, up 0.59%.