Gaw Capital cautious on tier-one Chinese cities

The Chinese property market: heading for a crash or a good bet for sustainable long-term growth? There are plenty of proponents of both arguments, and some who agree with both. Of course, it also depends on which segment of the market you’re talking about. Hong Kong-based private-equity real-estate firm Gaw Capital Partners is certainly less positive now about the prospects for tier-one cities on the mainland – namely Beijing, Shanghai, Shenzhen and Guangzhou. Its third fund – the G…