Baisiwala says that he is “bullish” on China's residential property outlook, but a bit more cautious on the hotel sector where there is definitely an “overhang.”
"Overall, we don't see a bubble in China,” he told OPP. “But there are of course pockets of assets across specific cities where there may be an oversupply. We very much intend to quicken our pace in China."
The company is looking at China's top cities such as Beijing and Shanghai … as well as secondary cities including Xi'an, Wuhan and Nanjing.