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REITs 'a relief for developers' amid housing downturn

By Zhang Haizhou in Hong Kong ( China Daily ) Updated: 2014-08-28 07:13:28

HK-based Link says it has plans for Pearl Delta

The Chinese mainland should develop more real estate investment trusts, which will relieve financial pressures on developers as the property market slump continues, according to a top executive of Asia's largest REIT.

George Hongchoy, chief executive officer of The Link Real Estate Investment Trust, confirmed that his company is seeking assets on the mainland, where the expansion of major cities will offer opportunities.

REITs 'a relief for developers' amid housing downturn

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