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Shanghai’s real estate investment may still grow by double digits

SHANGHAI'S real estate investment market will probably maintain a double-digit growth in transaction value this year with domestic buyers playing a much more vibrant role than their overseas counterparts, global property consultancy DTZ/Cushman & Wakefield said a report released today.

En bloc real estate investment deals, excluding land transactions and confined to property acquisitions worth more than US$10 million each, will likely total US$70 billion in the city in 2016, which should represent a 20 percent increase from US$58.2 billion in 2015, according to Jim Yip, managing director of investment and advisory services at DTZ/Cushman & Wakefield China.

"Macro economic factors including a loose monetary policy, low interest rate and yuan depreciation expectations, coupled with ever-increasing investment enthusiasm among some new insurance companies, have jointly boosted the momentum in the local market," Yip said.

Notably, domestic players seemed to take a lion's share of the investment market. Of the US$18 billion worth of property deals completed in the first six months of this year, 76 percent of them were sealed by domestic companies. By property types, office buildings remained the most sought after type among investors, accounting for 60 percent of the total by value, DTZ/Cushman & Wakefield data showed.


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