Boom­ing real es­tate sec­tor spurs 132 new­funds in 2013

China Daily (Canada) - - BUSINESS -

China saw132 newreal es­tate funds in 2013, up 40.4 per­cent from 2012, with a dis­closed size of $10.667 bil­lion, up 79.1 per­cent from 2012, ac­cord­ing to the lat­est re­port from China’s boom­ing real es­tate mar­ket not only stim­u­lated the enthusiasm of property in­vestors but also at­tracted ven­ture cap­i­tal/pri­vate eq­uity in­vestors to shift to the real es­tate sec­tor, PEdaily said. Of the new­funds, 128 were ren­minbi funds.

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