Home » Business » Real Estate
China set for rise to No. 2 slot
By Cao Qian |
August 20, 2010, Friday
|
Print Edition
Print Edition
CHINA might overtake Japan as the second-largest real estate market in the world after the United States by as early as next year, a leading international real estate information services provider predicted yesterday.
"In 2009, DTZ's two strongest markets which bucked the trend of continuing declines in real estate transaction volumes were the UK and Asia Pacific," said Paul Idzik, group chief executive officer of DTZ.
"Indeed, led by China, the Asia-Pacific region delivered strong revenue growth and our decision during the year to extend our investment management business to the region is a clear sign of our confidence in that market."
To cope with growing demand, DTZ, which entered the China market in 1993, plans to increase the number of its fully-fledged offices to around 20 in about one year from its current portfolio of 17, said Edward Cheung, chief executive officer of DTZ China.
"In 2009, DTZ's two strongest markets which bucked the trend of continuing declines in real estate transaction volumes were the UK and Asia Pacific," said Paul Idzik, group chief executive officer of DTZ.
"Indeed, led by China, the Asia-Pacific region delivered strong revenue growth and our decision during the year to extend our investment management business to the region is a clear sign of our confidence in that market."
To cope with growing demand, DTZ, which entered the China market in 1993, plans to increase the number of its fully-fledged offices to around 20 in about one year from its current portfolio of 17, said Edward Cheung, chief executive officer of DTZ China.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
