From Chinese Media
Mainland properties lure foreign capitals
Updated: 2011-04-06 11:24
By Hao Yan (chinadaily.com.cn)
The Chinese properties market is becoming a major destination for investors around the world. And the Asia-Pacific market may attract $104 billion this year, China Economic Weekly reported Wednesday.
"When a huge amount of money is entering the mainland market, it needs a low-risk investment portfolio," an anonymous foreign property investor said.
He suggests that China's commercial properties market, with a low price, is a relatively steady market hardly affected by government policies.
President of Soho China Ltd Pan Shiyi said previously, the commercial property market is not influenced by macro-control policies – as the price is not related to residents – even when the capital flowed into this market and pushed up the price.
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