Caixin OnlineBusiness & IndustryTop Stories Industry Bubble Forming in Commercial Property Market, Expert Warns
04.08.2013 19:08

Bubble Forming in Commercial Property Market, Expert Warns

Head of industry association says cities such as Shenyang, Chengdu and Tianjin lack the businesses to move into new spaces
By staff reporter Zhu Yishi
A

(Beijing) – A bubble is forming in the commercial property markets of some of the country's major cities, the head of an industry association warns.

Wang Yongping, secretary general of the China Commercial Real Estate Association, cited as examples Shenyang, Chengdu and Tianjin. "The supply is huge in these cities, but it is difficult for developers to find enough retailers and other businesses to lease to in the short term," he said.

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