Property News · October 17, 2018

Citic officials confident decision to edge away from housing market, in favour of commercial, is correct


Hong Kong’s Citic Capital, one of the biggest real estate investors in China, insists its decision to withdraw from the red-hot housing market and focus more on commercial sites over the past two years is reaping rewards, as Chinese central government efforts continue to ease runaway prices and tighten mortgage credit.
Citic officials say the U-turn is linked to those two factors, but also that it foresaw a strong correction on the way, in a market where prices have been on hyper-drive…

Source : South China Morning Post
Read more…Citic officials confident decision to edge away from housing market, in favour of commercial, is correct

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