| For years, property was flagged as China's biggest risk but amid the country's apparent economic malaise and financial market unpredictability, property now offers opportunities for selective investors. John Saunders, managing director and head of Asia-Pacific real estate at BlackRock, told CNBC on Thursday that Beijing's transition to service sector growth was a healthy catalyst for commercial real-estate.
"Now is the time to be looking" he said, pointing to high-quality office, retail and logistics assets in tier-1 cities including Beijing and Shanghai. "We have already started to see more keen sellers in China and I think there will be buying opportunities as the conditions from China's old economy get less favorable."..............................................Full Article: Source |