Property News · August 15, 2017

Will property management become Chinese developers’ new cash cow?


China’s developers, facing the government’s heightened clampdown on the real estate sector, are increasingly focusing on long-term bets like property management even though these investments may take years to bear fruits.
Dozens of developers have spun off their property management businesses, while seeking to strengthen their financial muscles to compete in a fast-growing market that is expected to hit 1.2 trillion yuan (US$180 billion) in five years, according to research…

Source : South China Morning Post
Read more…Will property management become Chinese developers’ new cash cow?

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