Chinese pipeline of rental homes worth US$77 billion could create huge property asset management opportunities, firm says

China is expected to build rental homes worth 500 billion yuan (US$77.2 billion) over the next five years, which could create massive opportunities in property asset management for the country’s leading developers.“With strong government support and rising demand, we see great opportunities in developing rental homes and creating a large-scale asset management business to evolve into China’s own CapitaLand,” said Hanah Zhang, the chief executive of Cifi Holdings Group’s rental homes unit…

Chinese pipeline of rental homes worth US$77 billion could create huge property asset management opportunities, firm says
China is expected to build rental homes worth 500 billion yuan (US$77.2 billion) over the next five years, which could create massive opportunities in property asset management for the country’s leading developers.“With strong government support and rising demand, we see great opportunities in developing rental homes and creating a large-scale asset management business to evolve into China’s own CapitaLand,” said Hanah Zhang, the chief executive of Cifi Holdings Group’s rental homes unit…