US property firm CBRE Global Investors has decided to reinvest in the Chinese property market after half a decade.

CBRE Global Investors, the US-based real estate and advisory firm, has re-entered the Chinese property market after five years of not doing business in the country, according to a report by Bloomberg.

In an interview with the news service, Richard van den Berg, Greater China country manager, said that CBRE Global will invest mainly in retail and residential mixed projects. The company has raised $470 million for the plan--reportedly its biggest in Asia in almost a decade. The decision to reinvest in China comes as the government continues to impose rules to prevent a bubble in the local property market, presenting opportunities for a bargain. 

According to van den Berg, the corrections are likely to continue for the next six months to a year, thus creating a good entry point for the firm. CBRE reportedly plans to invest in nine deals over two years, majority of which will be in less-affluent second-tier cities and satellite towns around Shanghai and Beijing. The company declined to further elaborate, citing regulatory issues.