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China Should Maintain Housing Curbs to Prevent Chaos, Lo Says

China should maintain its property curbs as any relaxation may result in a “chaotic” housing market, said billionaire developer Vincent Lo, also a member of the government’s advisory board.

Home prices may post a “single-digit” decline this year, said Lo, chairman of Shui On Land Ltd., a Shanghai-based developer. Property values in the nation’s city centers will hold up, he said, adding that he doesn’t expect a property crash this year.