Center

Reed MIDEM aims high in China property market

(chinadaily.com.cn)
Updated: 2007-04-28 14:05

"The Chinese real estate sector is an emerging market. It is inevitable for a new market to have some defects and irregularities. That's why the authorities needs to issue new law and regulations to better regulator and oversea the new market," Zilk said.

"The measures such as the interest hikes in the past months are targeting the overall economy in a bid to keep it from overheating. They not for real estate market in particular. It for sure cools down the sector a little bit. But the main objective is to increase the financing cost for developers and constructors, and they also push the loss-making companies to quit the market, which results in a more competitive and healthier atmosphere."

"It is always good to have a good business environment," said Zilk, "I'm confident for our future development in the China market as long as its economy keeps growing fast and the demand for our products and services is high."

MIPIM Asia will take place at the Hong Kong Convention and Exhibition Center on November 28-30. The organizer Read MIDEM is a subsidiary of Reed Exhibitions and part of the Anglo-Dutch Reed Elsevier group.