(From Asia Pulse)
BEIJING, Nov 25 Asia Pulse - According to a forecast by authoritative sources, China's investment in real estate development will reach 358.0 billion RMB yuan (US$43 billion) in the coming five years, presenting an average annual growth of 7 per cent, and the marginal profit rate of residential housing projects is estimated at 25 per cent.
Such huge property market has attracted foreign businesses. Since 2002, foreign businesses have sped up their steps in entering China property market, with their investment rising sharply in such big cities as Shanghai, Beijing and Guangzhou. At present, China has 5,000 real estate enterprises using foreign investment, accounting for 20 per cent of the total in the country.
Statistics from the Beijing Municipal …