"Particularly as high-speed railways lessen the distance across the Yangtze River Delta, investors would naturally prefer properties in Shanghai to other cities in this region," Shen said.
"Many investors are looking for a commercial space of 100 to 200 sq m valued at about 10 million yuan ($1.,cheap Chargers Jerseys,55 million)," she added. "Since you cannot buy residential properties in Shanghai anymore, my aunt bought an apartment in Yunnan province recently," said 32-year-old Shanghai native Zhou Yi. She said many of her relatives are buying flats in second- and third-tier cities. "I've heard so many stories about buying property in Jiaxing and Haining, Zhejiang province, and other nearby cities over the past few months," she added.
Noting the government's restrictions on residential property purchases, Chen Jun, deputy chairman of the Zhejiang Chamber of Commerce in Beijing, said small and medium-sized enterprises in Zhejiang started shifting to the commercial and industrial property market as early as 2007.,Cheap Christian Louboutin,
"Inflation, the yuan's appreciation, along with the rising cost of labor and raw materials eroded our industrial enterprises' profit margin,,CVC Fabric, and we found commercial properties the best investment," Chen told China Daily.
Lu Qilin, research director at Shanghai Deovolente Realty in Shanghai, agreed with his counterpart that it is likely that commercial properties in first-tier cities will become the next investment focus. "Compared with the stock market or buying gold, property investment will provide higher returns, considering China's urbanization trend over the next three to five years. Meanwhile, small and medium-sized investors are more willing to invest in major cities because they are more familiar with the market there," Lu said.
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