Demand for property management services is set to increase to prevent the coronavirus from spreading in residential and commercial buildings. Photo: SCMP Handout
Demand for property management services is set to increase to prevent the coronavirus from spreading in residential and commercial buildings. Photo: SCMP Handout

Chinese property managers replenish cash, eye M&A targets as coronavirus spurs industry consolidation

  • Hong Kong-listed firm has raised cash to seek acquisition targets in eastern mainland provinces and Greater Bay Area cities
  • Industry consolidation to accelerate amid pandemic, with about one fifth of companies expected to control 80 per cent of the market, CEO says

Topic |   China property
Demand for property management services is set to increase to prevent the coronavirus from spreading in residential and commercial buildings. Photo: SCMP Handout
Demand for property management services is set to increase to prevent the coronavirus from spreading in residential and commercial buildings. Photo: SCMP Handout
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