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Pan Shiyi, president of SOHO China, said in a net chat on April 1 that the widespread Chinese property market crash schedule is unreliable, adding that a market crash is as unpredictable as an earthquake, Beijing News reported Friday.
"However, the schedule deserves our attention. When policy has become a signal that guides the Chinese property market, it is vital for the government to be prudent in formulating such policies." Pan added.
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The Chinese property giants also said a rational property market was mainly depended on the government's proper policies, while the move of suspending land auctions to prevent more "land kings" may intensify market panic.