Vanke says rapid price rise will end

Shenzhen Special Zone News Vanke Monday released 2010 quarterly results Report, Vanke report period to achieve net profit of 1.13 billion yuan, compared with the same period in 2009 growth of 46.5%.　　Vanke also said that the introduction of the New deal will have a significant impact on the market. By the end of March, Vanke held 17.92 billion yuan in cash, higher than the short-term borrowings and a period of maturity of long-term loans of 12.74 billion yuan; Vanke believes that compared with the 1 quarter market turnover area and new wholesale area, the main urban housing supply situation is gradually eased, but the overall market inventory is still low. The introduction of the recent policy will have a significant impact on the market, I believe that the rapid rise in individual hot city housing prices will end, the excitement of the spread of other cities will be suspended. (June Ping)