China approves $44B bailout to finish incomplete developments – Robert Khodadadian

China is taking steps to bolster its property market, providing some comfort for investors. The State Council passed a plan to establish a fund worth up to 300 billion yuan ($44 billion) to support multiple property groups, propelling gains for an index of mainland property stocks, the Financial Times reported. The rally mostly fizzled by the end of last week. The central bank and China Construction Bank will invest 80 billion yuan in the fund

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Home Page, Residential Real Estate, china, Hong Kong Stock Exchange The Real Deal New York Read More