China’s 450 billion yuan (US$63.6 billion) property management market is likely to see some consolidation, as the mainland’s real estate companies look for alternative sources of growth amid declining profit in the wake of the government’s cooling measures, according to DBS Bank.Danielle Wang, head of China property team at DBS Bank (Hong Kong), said there was ample scope for mergers and acquisitions in a fragmented market that has more than 100,000 companies, adding that the top 100 companies…
Source : South China Morning Post
Read more…China’s US billion property management market ripe for consolidation as developers seek growth amid slowdown















