BIZCHINA> Top Biz News
![]() |
Investors looking to cash in on hot realty
By Hu Yuanyuan (China Daily)
Updated: 2009-07-23 07:57
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. According to Pang, those properties on sale were all core assets with a steady cash flow. "They might have to sell it as the closing date of the fund is coming due. And some funds are adjusting their business structure by selling non-core assets after the financial crisis," Pang said. In Shanghai, Morgan Stanley, one of the largest players in China's real estate market, is selling its high-end residential projects, the first time it is doing so on the mainland. One of the projects is Building 2 of Chateau Pinnacle, a luxury apartment in Shanghai's Changning District. The fund bought it in 2006 at a cost of 28,000 yuan ($4,099.02) per sq m. But the sale price now hovers around 60,000 yuan per sq m, with an investment return exceeding 100 percent. Meanwhile, the fund is also trying to sell another two serviced-apartment projects in Xujiahui and Xintiandi area. "Considering the price premium, now is a good selling opportunity," said Eric Chan, general manager of Synergis Asset Management Services Limited. Property prices in China's 70 major cities were up 0.8 percent in June, the fourth month-on-month growth in a row this year, according to statistics from the National Development and Reform Commission (NDRC). In some areas, the property price has even exceeded the record high of 2007 when the market was sizzling. "Though the mainland real estate sector remains rosy in the long term, it is fragile to any real estate policy change," said Charles Chan, managing director of Savills Valuation & Professional Services Ltd. "In fact, policy change is one of the most sensitive factors affecting China's property market, and institutional investors will definitely take it into consideration." Along with the fast growing property price, the concerns over possible policy change is also picking up.
A recent road show in Hong Kong showcasing Beijing's luxury apartments attracted more than 400 groups of customers within two days, largely beating expectations. "Though Xanadu, the project next to the CCTV building, is a prime location, I never expected that so many Hong Kong residents would show such a strong interest in it," said Tang Jun, president of Beijing Capital Land. "The major reason could be the very limited new supply in that location, so investors could still enjoy a handsome return in the long run." (For more biz stories, please visit Industries)
|
主站蜘蛛池模板: 99国内精品| 在线观看精品国内福利视频 | 综合久久一区二区三区 | 亚洲成人天堂 | 亚洲欧美日本在线 | 亚洲国产成+人+综合 | 国产精品大全国产精品 | 久青草青综合在线视频 | 日韩欧美中文字幕一区二区三区 | 波多野结衣一级片 | 亚洲成av人影片在线观看 | 亚洲男人的天堂在线观看 | 成人精品视频 | 黄色a免费 | 久久精品亚洲乱码伦伦中文 | 国产精品午夜性视频 | 伊在人亚洲香蕉精品区 | 日韩一区二区三区在线视频 | 久久青草免费线观最新 | 精品国产三级在线观看 | 成人a区| 欧美精品一区二区三区免费 | 性欧美高清极品xx | 久久久久久综合一区中文字幕 | 国产亚洲欧美日韩在线观看一区二区 | 美女很黄很黄是免费的·无遮挡网站 | 美女黄色免费看 | 国产精品亚洲二线在线播放 | 欧美一区欧美二区 | 国产精品视频第一区二区三区 | 爽爽窝窝午夜精品一区二区 | 91精品啪在线观看国产91九色 | 久草国产视频 | 亚洲自拍高清 | 91九色视频无限观看免费 | 国产成人亚洲精品91专区高清 | 久久福利网站 | 国产成人综合日韩精品婷婷九月 | 高清毛片aaaaaaaaa片 | 97成人在线视频 | 一区视频在线 |