Mainland property seen warm next year

The mainland's property market is expected to bounce back next year, propelled by the new leadership's push to make urbanisation its top priority.

That is the view of top China dealmaker Frank Tang, chief executive of FountainVest Partners, a China-dedicated private equity firm partly financed by Singapore's wealth fund Temasek.

Tang said the real estate business will "turn warm" next year, particularly in second- and third-tier cities on the mainland.

via Business feed http://www.scmp.com/business/china-business/article/1113859/mainland-property-seen-warm-next-year