One man who says he is not concerned about is Zhou Xin, China's richest real estate broker.Zhou Office in Shanghai ponders the real estate market's swank Jing district, where housing prices are rarified, but he does know that the new residential city of total sales are off-a-half-year during the first seven months of. Ten-year-old company, E-House (China) holdings should have razor's edge, but he says would not be in a position to believe.
Zhou was one of the important at an early stage in order to protect his hide and another right now. first of all, he distanced E-House from the Street brokerage, hurly-burly establishing a sales agent for a large apartment building developers, which is still high. Then late this summer, he moved to open office-commercial equivalent to E-House still protected for a long period of hesitation Chinese households.
Social services, Zhou's staff export sales showrooms, developer overhead. 130 Shanghai region storefronts that only the sixth of its entire business account is E-House can be reached by traditional realty home resales are more stringent than the slog avoided in any market.
Zhou's sales activity tukikieltoa huge database and research unit of the China Real Estate information call or CRIC that helps him to offer to customers, particularly in relation to the myriad of China-the newbie developers--ideas apartments types of build, how to market and their prices ". E-House customers pay a fee which is clear and then each unit of the Commission have been sold. (E-House and CRIC is explicitly listed in the United States, and both are market capitalizations more than EUR 1 billion)
Zhou's approach to the proper functioning of the economy considered to be a developer in the company "asset light." In the meantime, E-House revenue almost doubled last year 300 million euros and net profit increased by EUR 100 million for a total of 40 million euros a year earlier. The high rate of put a company us best under billion for the first time in the list.(And the appreciation of the stock price on the market of the people's Republic of China, Zhou Richest prosperity 620 million dollars, and our list of last year.)
Seated on the plush office sofa, Armani t-shirt, Zhou, 43, may appear at first lay back.Forget it--he is all business.He calls only for the latest China property your troops cyclical business, have a look at the ebb of the country."If you think that the fact that China has a very future then need to believe that a property does not too," he says. 300 Million more Chinese immigrants from farms, large cities expected over the next decades of E-House should be plenty of action.
What about the clearing units, which are concerned about the philosophical skepticism? FORBES ASIA asked. "I do not believe in a chapter, "he says, one of his habits of complaint--a cigarette will light our interview--. Zhou claims that still well-off of the people's Republic of China considers the apartments they may often use a variety of city, in which case all glut is exaggerated., he acknowledges that" supply "has received the demand to fall in housing prices even if the Government did not have to force the first step.
Yet as Zhou, keep faith, housing market, which was 90% of his sales last year, he will make a major change. in August he announced the high-profile push commercial property incorporated into setting up 60% owned by the company E-commercial, manage and sell space which is a long dominated by multinational companies Jones Lang LaSalle (JLL-news-people) and CB Richard Ellis a niche, but one swoop of his manpower problems resolved Zhou hiring former CBRE leaders, including ex China Managing Director Andrew Zhu, the President of the new company to run the group.
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