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Room for growth
HOME > PAST ISSUE > SPECIAL REPORT [Premium content]October 2007
Future profits from real estate development may be more easily found in second- and third-tier cities
As far as real estate developers go, SPG Land is no giant. The company launched a single residential project on the outskirts of Shanghai in 1999, which led to a second and a third – all luxury homes for affluent family types willing to commute.
At the time, high-end real estate in Shanghai was one of the hottest sectors in China. The developments sold well and the company became a respected industry player. But it wasn’t until last year that things really took off.
At the time, high-end real estate in Shanghai was one of the hottest sectors in China. The developments sold well and the company became a respected industry player. But it wasn’t until last year that things really took off.
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