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Vanke builds growth with Homelink

By Wu Yiyao in Shanghai and Chai Hua in Shenzhen ( China Daily ) Updated: 2017-04-21 07:09:48

Giant property developer sees good prospects beyond develop-and-sell

Vanke, China's largest residential property developer by market value, plans to spend 3 billion yuan ($441 million) on purchasing shares of Homelink, as the developer is bullish about the Beijing-headquartered real estate agency's development prospects.

Analysts said the two parties are likely to jointly explore a new model to meet demand amid fast growing pre-owned home transactions and tap more segmented markets along the value chain of real estate development and maintenance, such as decoration, property dealing, property management and residential community services.

Vanke builds growth with Homelink

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