Guangzhou's property market is high-growth supported by wage growth. The average price of new housing surged 23 percent last year.
1. KWG Property Holding Ltd., a Chinese developer partly owned by a Morgan Stanley affiliate, accelerated property sales.
2. It has ten more projects under development, including landmark buildings such as Cosmos and International Finance Place.
3. Its hotels under development will help raise investment income to 15 percent of net income
4. It has bought land in Suzhou and Conghua. It may buy as much as 2 million square meters of land to support future growth.
Investment grants revenue, over investment does not.
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