IFM Investments To Expand Mortgage Management Services Business - Quick Facts

(RTTNews) - China-based real estate services provider IFM Investments Limited or Century 21 China Real Estate (CTC) announced plans to expand its mortgage management services business.

IFM Investments said that having previously operated the segment exclusively through its company-owned store network, which covers Beijing, Shanghai and Chengdu, it now plans to offer its mortgage services in more cities through its franchise network in 2015.

As a first step, the company will begin providing property refinancing loans in the city of Qingdao, Shandong Province, in early 2015. The company has identified at least 20 cities where it believes it can provide mortgage management services.