24.07.2009 - China: Investors looking to cash in on hot realty
From Chinadaily.com.cn: A number of foreign institutional investors have quickened their pace of cashing in on properties in Shanghai and Beijing, mainly due to tightened cash flow, imminent closing of realty funds and rising concerns of a possible policy change, industry insiders said. "There will be two to three property deals, with a value around $100 million each, that will be inked in Beijing in the following months, with the sellers being international real estate funds," Eric Pang, head of the investment department of Jones Lang LaSalle (JLL) Beijing, told China Daily...........Full Article: Source
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