Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Project

Minmetals Land announces long-term apartment project

December 18, 2017


Abstract : Minmetals Land, the real estate arm of China Minmetals Corporation, will kick off its first apartment project for long-term rent next year, the company's top management said Tuesday.

5a31e5aea3108bc89ad98c0f 

BEIJING, Dec. 18 (Xinhua) -- Minmetals Land, the real estate arm of China Minmetals Corporation, will kick off its first apartment project for long-term rent next year, the company's top management said Tuesday.

As a new channel to address housing difficulties for young staff, apartments for long-term rent attracted an increasing number of property developers. Industry insiders said the number of such apartments accounted for two to three percent of the country's rental market, while the proportion in the developed market usually hovers around 20 to 30 percent, indicating huge growth potential.

As one of the first batch of 16 State-owned enterprises that take property development as a core business, Minmetals Land has been a major profit contributor for the CMC, said Li Fuli, chairman of Minmetals Land.

"Minmetals Land's sale value is expected to exceed 100 billion yuan ($15.2 billion) in the near future," Li said, adding the company will focus on the core city clusters.

The company also launched brands for its commercial real estate and its long-term rent apartment projects.  (Source: chinadaily.com.cn )

Scan the QR code and push it to your mobile phone

Keyword: China real-estate

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial