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Foreign funds eye property
(Shanghai Daily)
Updated: 2006-03-29 16:46
Four foreign funds jointly invested US$25 million in the nation's biggest
real estate services firm yesterday, the latest example of the increasing inflow
of overseas capital into the sector.
Shanghai Real Estate Consultant & Sales (Group) Co Ltd, a privately owned
real estate services firm, said yesterday it had received capital from the
foreign real estate funds through its investment entity, China E-house Holding
Co Ltd.
The investment unit was founded in early 2005 with an undisclosed
contribution from Shen Nanpeng, who was also the founder of the Web-based
tourism services firm Ctrip.com and budget hotelier Homeinns.
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