Developers take real estate supply in stride
By Hu Yuanyuan | China Daily | Updated: 2014-10-07 08:26
Property developers' interest in commercial real estate in China has been running high despite growing concerns about oversupply.
Swire Group, a leading developer, owner and operator of mixed-use commercial properties in Hong Kong and the Chinese mainland, is actively looking for land on which to develop new projects.
"Oversupply depends on the market," said John Slosar, chairman of Swire Pacific Ltd. "More important, as a long-term investor in China, our business plan will not change merely because of the short-term fluctuations in the market."
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