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















