Property News · March 21, 2017

Buyers drawn by China’s US$941.4bn pre-owned homes market


China’s 6.5 trillion yuan (US$941.4 billion) pre-owned homes market is attracting growing interest, and rising levels of capital being invested is set to alter the landscape of the business, experts say.
In the latest buyout of a company involved in the sector, in late February Shenzhen-listed Kunming Department Store spent 6.18 billion yuan (US$895 million) on a 94 per cent stake in property agency Weiye 5i5j Group, via a share swap and with cash, with the remaining 6 per cent stake for…

Source : South China Morning Post
Read more…Buyers drawn by China’s US1.4bn pre-owned homes market

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