Reuters reported that Chairman Wang Shi, seen here, said China Vanke, the world’s top residential developer, aimed to boost its share of the China market to 5%i n the next five to 10 years from 2.34% in 2008i.
‘We are optimistic about the housing market’s outlook in the mid- to long-term,’ Wang said, adding that Vanke expected to be developing about 200,000 residential units by the middle of this year.
A China Vanke executive had said the company hoped to boost its sales volume by about 10% this year as the mainland market pulled out of a deep slump on price cuts and cheaper mortgages.