Sentences with phrase «refurbish older properties»
Real estate developers are under pressure in China to refurbish older properties for rental purposes to ease a supply shortage in the market for affordable housing, says Peter Churchouse of Portwood Capital.
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It is bad enough that they are in sight of fresh water and have access to canals, railroads and highway infrastructure galore; a new British study, «New Tricks With Old Bricks» (PDF), says reusing and refurbishing existing and empty properties could actually save more carbon dioxide than constructing new ones.
These old properties may be refurbished and retrofitted, but still retain characteristics of their former purpose.