Chinese property developers target bigger families in smaller cities

HONG KONG: Chinese developers such as China Overseas Land & Investment Ltd and Country Garden Holdings Company Ltd are likely to build bigger apartments in smaller cities to take advantage of Beijing's new urbanisation drive.

The vast majority of land these companies have purchased for development is in medium-sized cities with fast-growing economies, known as Tier 2 and Tier 3. China has more than 50 cities that fit that description, many of them in the Pearl River Delta and western China, home to thousands of factories feeding the country's vast, labour-intensive export business.