China’s housing boom is shifting from its biggest cities such as Beijing and Shanghai to provincial capitals, said Shanghai property developer CIFI holdings after the company posted a 28 per cent growth in 2016 full year net core profit.
First-tier cities are gradually transforming into markets dominated by leasing activities from developing and selling because property prices are already too high and new land supply is very limited, Lin Zhong, CIFI’s chairman, said during an annual…
Source : South China Morning Post
Read more…China’s second-tier cities next in line for property boom, says Shanghai developer CIFI















