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.
Specials
Fill dad's shoes
Daughter and son are beginning to take over the family business of making shoes.
Have you any wool?
The new stars of Chinese animation are edging out old childhood icons like Mickey Mouse and Hello Kitty.
Virtual memorial
High-Tech touches to traditional tombsweeping festival help environment