India, China offering plum property deals
Developers in China and India are starting to offer sweeter deals to foreign investors as they struggle to raise funds through IPOs, according to Citi Property Investors, which is raising its stakes in the markets.
Initial public offerings by fast growing Indian and Chinese property firms have been hugely popular in the last couple of years, but have suffered recently as stock markets slid and the global credit crunch put property securities out of favour.
“It has changed the landscape,” David Schaefer, the head of the Asia-Pacific for Citi Property Investors, told the Reuters Global Real Estate Summit in Singapore recently .
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