The first batch of real estate investment trusts (Reits) will most likely be given the necessary.
approval by the Chinese government. This Reits investment is essentially backed by rental homes in line with the local governments effort to ramp up efforts to lower the cost of living for young professionals as well as taming the demand which is causing the soaring of property prices both new condo and resale condo alike.
Such asset-backed securities will offer developers a new source of capital funding and will effectively support construction of rental homes. The anticipated amount is approximately 500 billion yuan (US$77.6 billion) spread over the next five years according to analysts.
The nature of Reits being a financial derivative make home assets liquid is indeed an attractive option for all financial institution and as such rental homes have potentially become major asset to bolster the growth of China’s Reits market.”
The Arden by Qingjin, The Arden location in D23, The Arden price – to sell
CDL to develop Piccadilly Grand, Piccadilly Grand location in cityfringe
Sceneca Residence in Tanah Merah by MCC, Sceneca Residence location mins to MRT