China’s tentative step to allow developers of rental flats to raise funds against their assets has provided a silver lining to developers grappling with unsold inventories, but to kick start the Real estate investment trust (reit) market’s trillion-yuan potential, several obstacles need to be overcome, industry insiders said.
Last week Poly Real Estate, the mainland’s fourth largest developer in terms of sales, secured a 5 billion yuan (US$754 million) quota for the sale of…
Source : South China Morning Post
Read more…With asset-backed securities sorted for builders, China now needs to develop reit market















