Singapore-based Capital Land is one of the top, most profitable,and smartest land developers in Asia. Perhaps the world. Capital Land just paid $2.2 billion to buy prime commercial real estate in Shanghai and Tianjin.
There is a growing amount of talk about Chinese real estate prices getting overheated but when I see some of the most smartest money in Asia jump in, I have to think that the Chinese market is healthier than the naysayers think.
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{ 1 comment… read it below or add one }
Dear Tony,
I fail to understand how the Chinese leaders are being any different than Bernanke and Co. when it comes to fiscal policy. They fact that they are encouraging lending to the tune of $90B the first week of the year seems to me to reek of the same garbage that the Fed and our banks did to help inflate the housing bubble. Sure, their consumers are spending more, but I worry that it is at the expense of them abandoning their traditions of saving money for the American mistake of buying everything on credit. The articles I’ve read of housing and commercial prices tripling or worse in the major cities would seem to support this. Am I missing something in your analysis?
Thanks,
Doug Jaeger