NEXT UP FOR CHINESE REAL ESTATE
Ophelia Chan
Forbes, May 4, 2010
During the global financial crisis, the Chinese government relaxed the existing policies issued in 2007 and 2008, which were meant to curb speculation in property investment. With rising residential property values throughout China, many of those policies have been reintroduced and this time the central government means business.
Following a string of regulations since February 2010 looking to dampen demand and supply in the residential sector, the latest government edict in early April has had a much greater impact: within a few weeks of its introduction, transaction volumes have fallen substantially in 21 major cities including all of the four Tier I cities, being Beijing, Shenzhen, Guangzhou and Shanghai.
As an active participant in the Chinese real estate sector, Harvest Capital Partners, a boutique investment firm that specializes in real estate, expects this trend in the residential real estate market to continue over the short to medium term. In the mean time, you may be asking what’s next for China’s property market and where you should be investing your money. We believe the greatest opportunities lie not in residential property, but in the retail property sector.
The rise of the Chinese consumer
Let’s step back from the property market for a moment and take a look at the bigger picture. China’s economy proved to be remarkably resilient during the recent global financial crisis, with GDP growth for 2009 pegged at a robust 8.7%. For the first quarter of 2010, GDP achieved an even more impressive 11.9% growth.
Forbes, May 4, 2010
During the global financial crisis, the Chinese government relaxed the existing policies issued in 2007 and 2008, which were meant to curb speculation in property investment. With rising residential property values throughout China, many of those policies have been reintroduced and this time the central government means business.
Following a string of regulations since February 2010 looking to dampen demand and supply in the residential sector, the latest government edict in early April has had a much greater impact: within a few weeks of its introduction, transaction volumes have fallen substantially in 21 major cities including all of the four Tier I cities, being Beijing, Shenzhen, Guangzhou and Shanghai.
As an active participant in the Chinese real estate sector, Harvest Capital Partners, a boutique investment firm that specializes in real estate, expects this trend in the residential real estate market to continue over the short to medium term. In the mean time, you may be asking what’s next for China’s property market and where you should be investing your money. We believe the greatest opportunities lie not in residential property, but in the retail property sector.
The rise of the Chinese consumer
Let’s step back from the property market for a moment and take a look at the bigger picture. China’s economy proved to be remarkably resilient during the recent global financial crisis, with GDP growth for 2009 pegged at a robust 8.7%. For the first quarter of 2010, GDP achieved an even more impressive 11.9% growth.
(...) [artículo aquí]
Posts
No comments:
Post a Comment