Monetary tightening in China suggests that the best days of the current property market cycle are now over for local real estate developers. Major international investment groups such as Blackstone are selling rather than buying in the belief that prices and fundamentals have begun to diverge, according to people familiar with the market.
中國目前的貨幣收緊意味著，對于本地房地產開發商來說，當前房地產市場周期的黃金時期已經結束。據熟悉該市場的人士表示，因為相信價格和基本面已經開始背道而馳，黑石(Blackstone)等大型國際投資集團如今正在出售資產而非收購。
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