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Officials say the real estate market is bottoming out. What’s your view on China's property market?
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Overpriced?

Lets not forget that this company reported poor earnings in the previous quarter, dropping from a price of about $145 to $90 within a span of a few days.
From the low level of $90, the China Stimulus would be expected to boost this company but not above their previous quarter results of $145.
Stimulus package by China could be useful but we may not be seeing the effects anytime soon, making the current stock price of $153 a little overvalued.
PT: $135
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