In this episode of China Money Podcast, guest Tom Delatour discusses investing in residential real estate in China's second-tier cities:

– Middle class in China's tier II cities have growing abilities to afford housing as income increases faster than housing prices
– When forming joint-ventures with Chinese property developers, it is essential to align interests by having the local partners to put up substantial equity
– Policies on buyer restrictions in China will likely remain longer than expected

Our Guest Today
Tom Delatour is CEO and co-founder of Beijing-based Century Bridge Capital, a firm that invests in residential properties in China’s second-tier cities. Delatour previously managed the real estate investments of the Robert M. Bass organization. Before that, he was with Lincoln Property Company and KPMG Peat Marwich.

"In tier two cities, housing prices were growing at 11.9 percent a year, but household income was growing at 13.1 percent. So you actually had the affordability for housing for the middle class in the tier two cities to really stay stable or actually slightly improve."
– Tom Delatour

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