Tishman Speye to quit China's property market
- By Ma Yujia
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E-mail China.org.cn, September 3, 2012
Tishman Speye, often referred to as "American's No.1 real estate enterprise", has begun to transfer two units of land held in Shanghai, the Information Times reported.
![Tishman Speye, often referred to as 'American's No.1 real estate enterprise', has begun to transfer two units of land held in Shanghai, the Information Times reported.[File photo]](http://images.china.cn/attachement/jpg/site1007/20120903/001372acd0b511ae997801.jpg "Tishman Speye, often referred to as 'American's No.1 real estate enterprise', has begun to transfer two units of land held in Shanghai, the Information Times reported.[File photo]") |
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Tishman Speye, often referred to as "American's No.1 real estate enterprise", has begun to transfer two units of land held in Shanghai, the Information Times reported.[File photo] |
Analysts believe that foreign capital starting to withdraw from China's real estate market is a microcosm of China's larger economic picture, and shows foreign investors' pessimistic expectations for the future performance of China's property market.
The ongoing Euro zone debt crisis, U.S. recession and China's property market contraction has led foreign enterprises to exit the Chinese market through different methods such as transferring land and piece-off promotions.
However, some analysts interpret a decline of foreign investment as normal and is in accordance with the capital market, especially the case as the Chinese government has implemented house purchasing restrictions in 2011, and there are no signs that these new regulations will be lifted in the near future.
International companies such as Tishman Speye have made great economic profits in China since rushing into China's real estate market seven years ago. China's sustained economic growth has been a boon to such enterprises, and they will continue to look for new investment areas to pursue huge interests.
Domestic property enterprises dominate China's real estate market, and the impact of foreign capital withdrawing from the real estate market should be relatively small. Meanwhile, the reduction of foreign investment and hot money is good for the rational return of China's property market.
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