[photopress:real_estate_richard_ellis..jpg,full,alignright]CB Richard Ellis, the major commercial real estate and property company — arguably one of the world’s leaders in this area — gives a run-down on the current state of the market. It starts of on a reassuring note that China’s real estate market remained fundamentally sound in the third quarter of 2007.
While the property sectors of first-tier cities continued to grow steadily, investors and developers remain optimistic about opportunities in emerging second- and third-tier cities.
It mentions the sub-prime crisis in the United States but does not see it having any major effect except that probably more attention will be paid to risk management in the future.
Then it looks at the cities one by one concentrating on the third quarter of 2007 and future propects.