Vincent Tianquan Mo: Real estate remains an important asset class offering tremendous opportunities
The following is a summary of Vincent Tianquan Mo's comments during a roundtable discussion at the 46th Tsinghua University Forum of China and the World Economy held at Tsinghua University, Beijing, on January 8, 2024. Mo is Managing Director of the China Index Academy, Chairman of Pukai Energy, and Founder and former Executive Chairman/Chief Executive Officer of Fang (SouFun) Holdings Ltd.
On January 8, 2024, the 46th Tsinghua University Forum of China and the World Economy, hosted by Tsinghua University's Academic Center for Chinese Economic Practice and Thinking (ACCEPT) in partnership with the university's School of Social Sciences and School of Economics and Management Alumni Center, was held on campus. Managing Director of the China Index Academy, Chairman of Pukai Energy, and Founder and former Executive Chairman/Chief Executive Officer of Fang (SouFun) Holdings Ltd., Vincent Tianquan Mo, participated in a roundtable discussion at the forum alongside other distinguished guests where he commented on the future outlook for China's real estate sector.
On January 8, 2024, the 46th Tsinghua University Forum of China and the World Economy was held inside the Weilun Building's main lecture hall on campus at Tsinghua University's School of Economics and Management. The biannual event was hosted by Tsinghua University's Academic Center for Chinese Economic Practice and Thinking (ACCEPT) under the theme of China's 2024 Economic Outlook. During the forum's proceedings, Vincent Tianquan Mo, Managing Director of the China Index Academy, Chairman of Pukai Energy, and Founder and former Executive Chairman/Chief Executive Officer of Fang (SouFun) Holdings Ltd., participated in a roundtable discussion alongside other distinguished guests where he commented on the future outlook for China's real estate sector.
Vincent Mo Tianquan insisted that real estate has always been an important asset class for both the country as a whole as well as individual households, and despite the ups and downs in its market performance, he believes that in the main there are still tremendous opportunities. Thus, the overall state of the real estate industry should not be brought into doubt only because of short-term fluctuations in market valuations, with the downward readjustment in first-tier cities having already run its course. The current market slowdown is not entirely due to a lack of demand, but instead a result of certain policy restrictions and issues with the development models employed by real estate companies. In any case, when it comes to first-tier cities and some second-tier cities, the market fundamentals remain healthy. In the future, however, it will be necessary to prioritize the central government’s near-term policy proposals, such as those measures concerning affordable housing, the renovation of urban villages, and the construction of "dual use" facilities, among other provisions, with the government's active support expected to give rise to new development opportunities for the country’s real estate market.
