Wednesday, June 27, 2007

SINGAPORE - The following are notable quotes about China's property market from executives attending the Reuters Real Estate Summit

SINGAPORE (Reuters) - The following are notable quotes about China's property market from executives attending the Reuters Real Estate Summit in Singapore, London and New York on June 25-27:

SEEK NGEE HUAT, PRESIDENT, GIC REAL ESTATE

"The Chinese government is clearly concerned about house prices running out of control so they want to rein in speculators. If they can get it corrected, it is good for the market in the long run."

LIEW MUN LEONG, PRESIDENT & CEO, CAPITALAND (CATL.SI: Quote, Profile, Research)

"It is a demand-driven market (in China). People are buying it with their own money, they are staying or buying for the purpose of rental yields. The government is not discouraging foreign investors per se but is seeking to ensure supply of real estate for urbanization. It also wants to stabilize prices so the common man can afford housing."

KURT ROELOFFS, ASIA PACIFIC CHIEF EXECUTIVE FOR RREEF, DEUTSCHE BANK'S (DBKGn.DE: Quote, Profile, Research) PROPERTY INVESTMENT ARM

"We have very high expectations of what we can accomplish in the long-term in China. There's lots of policy changes and bumps on the road a long the way, but in generally it's all headed in the right direction. So we see increasing scope for strategy.

"We're also seeing more and more investor interest around the global for different investment strategies. Before we saw U.S investors. Now we see Europeans, Middle Easterners, Australians.

"There's a real macro economic challenge there to try to keep balance in fixed investment. The government tries to communicate as best they can in advance policy changes. We've been able to adapt to it.

"I don't think they're being unfair. they've got a macro economic challenge they're doing reasonably well at managing.

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