Chinese mainland investors among biggest buyers of property outside Asia

By Cherry Cao | 18:21 UTC+8 March 26, 2014 |

Online Edition

HONG Kong, the Chinese mainland and Singapore have been the region's biggest buyers of real estate outside Asia and are set to remain key sources in the next few years.

The total value of investments made elsewhere in the world by Asian buyers has grown from around US$1 billion in 2000 to more than US$30 billion in 2013, global real estate advisor Colliers International said in its latest white paper.

The rise was attributed to increasing global liquidity, higher yields available in the US and European markets, the growth potential created by the economic recovery in those markets, the appeal of real estate assets in prime gateway cities and property price cooling measures in Hong Kong and Singapore, according to the white paper.

"Chinese outbound property investments beyond Asia really took off in 2009, and they reached a record US$9 billion in 2013," said Terence Tang, managing director of capital markets and investment services, Asia at Colliers International. "We believe more Chinese developers will look overseas to support the needs of their local clientele."

More Chinese investors are set to jump onto the bandwagon simply because they now feel more comfortable about investing in overseas property markets. Domestic real estate developers have succeeded in enhancing their presence in overseas markets by adopting a number of different purchase models. They range from straight acquisitions and joint ventures with local partners to site acquisitions and development, Colliers said.

Business Real Estate

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Chinese mainland investors among biggest buyers of property outside Asia

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