There is an old saying that “if you cannot beat your opponent, join them.”
But Joseph Gagnon, managing director and head of Asia real estate at US private equity fund Warburg Pincus, opts for another alternative when investing in China: avoid direct competition with well established competitors.
And when it comes to China’s property market, that means steering clear of the residential sector, where nine of the 10 biggest listed real estate companies are focused, including…
Source : South China Morning Post
Read more…Private equity group Warburg Pincus follows this golden rule when investing in China’s property market















