The Star Online
14 Apr 2008
The skylines in many Chinese cities have undergone major changes with numerous new landmarks in the past decade. Many foreign developers, including Singapore's CapitaLand Ltd, are making a beeline for China
CHINA, a nation of 660 cities, offers immense opportunities for real estate developers and investors to partake in the country's rapid development and growing prominence as a major global power.
Rapid commercialisation and privatisation of China's real estate have contributed to massive development activities and growth in the property sector.
As the people's income level and standard of living continue to improve, owner-occupier demand will further drive growth in the residential and commercial property sectors.
Although the market is still robust with good upside and yield potential, the Chinese government looks set to adopt further austerity measures to prevent the possibility of an overheated property market.
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