Savills moves into China's serviced flat sector with Pudong deal

Global real estate adviser Savills has entered the mainland's fast-growing serviced flat sector and is looking to manage 20 properties across the nation by 2016.

"China's serviced residency market is one of the strongest in Asia, with Beijing and Shanghai seeing the most robust demand," said Neil Harvey, Savills' residence director.

Harvey also said that an increasing number of foreign clients were the key driving force behind the market as multinational companies continued to invest on the mainland.

via Business feed http://www.scmp.com/business/china-business/article/1065384/savills-moves-chinas-serviced-flat-sector-pudong-deal