HONG KONG (Reuters) - Property investors are pencilling "second-half, 2009" in their diaries as the likely time to start pouring money into China again as they search for bargains in its ailing real estate market.
But they are wary of slowing economic growth, overbuilding in some areas, difficult partnerships with developers and red tape.
Private equity fund manager Gaw Capital Partners is looking to raise up to $1.5 billion (990 million pounds) for Chinese property, while ING Real Estate is marketing a $750 million fund it wants to launch in the first quarter of next year.
"I think it's a good time to start looking," said Goodwin Gaw, co-founder of Gaw Capital, which manages $4.7 billion of assets in 14 Chinese projects. "2009 and early 2010 could be a sweet spot."
Tuesday, November 25, 2008
Wednesday, November 19, 2008
China's real estate investment up 24.6% in Jan-Oct
China's total investment in the real estate sector rose 24.6% from a year earlier to RMB 2.3918 trillion in the first ten months, according to figures released by the National Bureau of Statistics (NBS). The growth rate was 1.9 percentage points lower than that recorded in the Jan.-Sep. period this year. Of the total, investment in commercial residential housin
Tuesday, November 11, 2008
Investment Report of China Real Estate Industry in Manner of M & A and Share Participations
Research and Markets ( http://www.researchandmarkets.com/research/a52460/investment_report) has announced the addition of the "Investment Report of China Real Estate Industry In Manner of M & A and Share Participations, 2008" report to their offering.
During 1981-1997, China real estate industry experienced two growth periods: first period was from 1981 to 1989, the industry was initially formed after this period; second period was from 1992 to 1997, the industry developed rapidly during this period but turned down in 1997. In the year of 2000, the industry has started its third growth period.
In Jan-Jul 2008, real estate investment in China was CNY1.588 trillion, up 30.9% compared to the same period of 2007; moreover, the investment in residential house was CNY1.149 trillion, up 33.7% compared to the same period of 2007, of which CNY45.9 billion was invested in affordable housing, up 25.2% compared to the same period of 2007.
During 1981-1997, China real estate industry experienced two growth periods: first period was from 1981 to 1989, the industry was initially formed after this period; second period was from 1992 to 1997, the industry developed rapidly during this period but turned down in 1997. In the year of 2000, the industry has started its third growth period.
In Jan-Jul 2008, real estate investment in China was CNY1.588 trillion, up 30.9% compared to the same period of 2007; moreover, the investment in residential house was CNY1.149 trillion, up 33.7% compared to the same period of 2007, of which CNY45.9 billion was invested in affordable housing, up 25.2% compared to the same period of 2007.
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