Property News · December 18, 2018

As home sales soften, Chinese developers look to insurance services to foster stable revenue


Amid a cooling market, Chinese developers are making a push into the insurance sector, leveraging synergies with homebuyers in an effort to a forge stable revenue flows to offset volatile property sales.
Hong Kong-listed developer Greentown China Holdings announced on Monday that it will spend 2.718 billion yuan (US$390 million) to acquire an 11.55 per cent stake in Aeon Life Insurance.
Analysts said offering services such as insurance would enable the developer to take advantage of…

Source : South China Morning Post
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