Thursday, December 11, 2008
State-funded enterprises and large-sized real estate developers are expected to be the first sponsors of real estate investment trusts in China, said Li Qingxian, director of the research and cunsulting department of Colliers International's east China branch. Market watchers believe that initiation of REITs market will be constructive to the development of China's real estate investment market and equity market. The actualization of REITs will also increase the attractiveness of China's real estate market to foreign investors.
Wednesday, December 10, 2008
Property prices in China’s 70 major cities edged up 0.2 per cent y/y and down 0.5 per cent m/m in November, according to statistics jointly released by National Development and Reform Commission and National Bureau of Statistics. 43 cities witnessed a month-on-month drop in property prices in November, the statistics show. The y/y growth rate of property prices in November is 1.4 percentage points lower than that in October.