Related News
Home 禄 Business 禄 Real Estate
Chinese investors pump up overseas real estate purchases
Online Edition
CHINESE outbound investment in residential developments surged 80 percent year on year in the first quarter of 2014, according to a Jones Lang LaSalle report released today.
Chinese institutional investors spent US$1.1 billion in overseas residential developments in the first three months of this year, compared to US$600 million in the same period a year earlier, Jones Lang LaSalle data showed.
"Major Chinese residential developers are looking for opportunities overseas to counteract slower economic and price growth at home," said David Green-Morgan, global capital markets research director at Jones Lang LaSalle. "The United Kingdom, Australia and the United States received most of the investment."
Shanghai-based state-owned developer Greenland has been the most active of all Chinese developers with purchases of the Ram Brewery and Hertsmere House sites in London, and a site each in Los Angeles and Sydney.
Country Garden made its first foray into the Australian residential property market with its purchase of a development site in Sydney.
Overall outbound investment, meanwhile, rose 25 percent year on year to US$2.1 billion during the three-month period, with the value of commercial real estate investment remaining rather flat at over US$1 billion.
The office sector continued to dominate as the preferred asset class among Chinese commercial real estate investors who are active overseas.
"We expect interest and activity from equity-rich Chinese investors in overseas real estate markets to continue to grow throughout the remainder of 2014," said Darren Xia, director of international capital group at Jones Lang LaSalle China. "It's possible Chinese investors will spend more than US$10 billion on commercial real estate outside of China this year."
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
