http://www.businesstimes.com.sg/spec...nings-surge-16
[SHANGHAI] China Vanke Co, the biggest developer by market value listed on a Chinese exchange, posted a 16 per cent increase in first-quarter profit as its mass-market properties defied government curbs.
Net income climbed to 1.4 billion yuan (S$280 million), or 0.13 yuan a share, in the three months ended March 31, from 1.21 billion yuan, or 0.11 yuan, a year earlier, the company said in a filing to the Shenzhen stock exchange, the smaller of China's two bourses yesterday.
Revenue gained 30 per cent to 10.3 billion yuan, it said.
Profit increased as Vanke skirted the government's real estate curbs targeting speculators mainly in major cities such as Beijing and Shanghai, with a strategy that favours homebuyers just as the central bank began pledging to meet loan demand from first-home buyers.
Wad a stark contrast.. it is more of gov initiated cool measure to curb speculator cum dry up developers previously many quarters back to become now developer guai guai listen to CCCP order.. sooo many pple in china hoot mass market units too lol
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