Others News
- Real estate market up 69% in 2006
Date: 29-Mar-2007 Sources: (Shenzhen Daily)
TRANSACTIONS in China's real estate market surged 69 percent in 2006, funded to a great extent by foreign investment, a leading research firm said yesterday.
'There is increasingly more investment going into industrial property,'Kenny Ho, a Shanghai-based head of research with Jones Lang LaSalle, a real estate money management and services firm, told reporters. Despite government measures to cool the real estate market, China's rapid growth in the past and strong potential for the future have made it 'a magnet for cross-border investors,'said a report by the firm.
Sponsor Results:
