US Property Firm Re-Enters The Chinese Market After Five Years - Report

Vanessa Doctor

11 June 2014

, 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.