SHANGHAI, The People's Republic of China – Given what you may have heard about Chinese property values in recent months, it may surprise you to learn that Chinese real estate investors are extremely value oriented.
And so are the institutional investors I've run into during my latest investment-research visit to this country. These institutional players want to lock up some valuable land parcels before 2020. That's the date by which 500 million Chinese citizens are expected to have moved into China's cities as part of the greatest urban migration ever recorded.
You can do the math: We're talking about a group that's 1.6 times the entire U.S. population … moving from China's countryside to its cities in the next 10 years.