Op-Ed: Why investing in real estate mezzanine debt in Asia makes sense
-
A decade ago, the real estate market opportunity in China consisted largely of risky speculative development deals because of a lack of availability of stock.
Foreign investors seeking opportunistic returns from the first wave of China funds have been largely disappointed from a toxic combination of delays, cost escalation and implementation problems due to difficulties in enforcing basic contractual law. As a consequence, investor cynicism about China real estate runs high, and so sentiment on Chinese real estate is largely polarized between uber-bulls and perma-bears with not much in between.
Read more on:
www.cnbc.com
Source : Op-Ed: Why investing in real estate mezzanine debt in Asia makes sense