16 March 2006

China property investment boom in 2006

Morgan Stanley plans to invest three billion US dollars in the real estate sector in China this year, the Shanghai Securities News reported.

Citing an unidentified company official, the report said that the financial services firm expects China's real estate sector to continue to see strong growth due to the country's booming economy.

Morgan Stanley has invested a total of 1.5 bln usd in property projects in China over the past five years, according to the newspaper.

Morgan Stanley said last week that it had completed fundraising for its Morgan Stanley Real Estate Fund (MSREF) V International with 4.2 bln usd of equity commitments from investors.

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