Property News · April 26, 2019

As China’s housing boom cools, insurer Ping An and developer Cifi shift focus to rental market


The real estate investment platform of Ping An Insurance has joined Shanghai-based developer Cifi Holdings to launch a 10 billion yuan (US$1.5 billion) rental home investment and management business, targeting affordable living for those who have yet to get on the housing ladder.The two companies announced on Thursday they would co-invest in a batch of rental home projects in first- and second-tier mainland cities over the next three years.The investment and management platform will also engage…

Source : South China Morning Post
Read more…As China’s housing boom cools, insurer Ping An and developer Cifi shift focus to rental market