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Vanke having a shopping spree after warning over “survival”

THE WIRE WITH UP-TO-THE-MINUTE UPDATES

Still remember that China's real estate sector shimmered after the leading developer China Vanke warned over "survival" in its autumn executive meeting? But now it seems more and more like it was warning smaller companies in the sectors. While many developers' survival was put under threat amid a cooling property market, Vanke is becoming a happy buyer.

Analysts say as China's real estate market enters a downward cycle, the sector is expected to see more mergers and acquisitions and industry leaders like Vanke will become the major buyers, accelerating the consolidation of the sector.

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