12.05.2011 - China's commercial realty boosted by property crackdown?
The series of property curbs rolled out by Beijing may have cooled residential house prices in China, but it has led to a surge of money into commercial real estate, according to global real estate services firm Jones Lang LaSalle. "There are lots of people who want to buy apartments as an investment who can`t. But they can buy commercial properties. So we are seeing a surge of money coming from what we believe is the residential investors into the commercial sector," Alastair Hughes, Asia-Pacific CEO of the firm said..............................................Full Article: Source
Print