China: Country Garden gets green light to launch $1.6b quasi-REITs for rental housing

China: Country Garden gets green light to launch $1.6b quasi-REITs for rental housing

Visual from Country Garden website

Property developer Country Garden has obtained regulatory approval to launch 10 billion yuan ($1.6 billion) worth of quasi-Real Estate Investment Trusts (REITs), China’s largest so far, as the central government pushes for the growth of the rental housing market.

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