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Hang Lung chairman Ronnie Chan says there isn’t a property bubble in China

Posted on 03 May 2011

Ronnie Chan, chairman of Hong Kong- based developer Hang Lung Properties Ltd., said “humongous demand” from consumers and action by the central government reduce the chance that China’s property market will collapse.
Concerns over a real estate bubble are “total crap,” Chan said today at the Milken Institute Global Conference in Beverly Hills, California……………………………………….Full Article: Source


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