Related News
Home 禄 Business 禄 Real Estate
Funds in overseas realty remain strong
Print Edition
CHINESE outbound real estate investment fell overall but grew robustly in key markets in the first half of this year, a report released yesterday by international property services provider Knight Frank said.
Between January and June, Chinese investors pumped in US$10.7 billion in real estate overseas, a year-on-year fall of 13.6 percent.
The double-digit drop, however, should be seen in the context of some of the biggest real estate deals in Chinese outbound investment history early last year, such as the US$1.9 billion purchase of Waldorf Astoria Hotel in New York, the report said.
Chinese investors have continued to show keen interest in global gateway locations because these cities have market depth, rental growth prospects, and in the case of London, a cheaper pound, the report said.
The United States, which had drawn US$5.1 billion worth of Chinese investment in the six-month period, or a 21 percent annual jump, is now firmly established as the most important destination for Chinese capital. New York, in particular, attracted 80 percent of Chinese investment with the lion’s share injected in the office sector as Chinese institutional investors continued to chase trophy assets.
Chinese investment in the UK surged an impressive 75 percent year on year during the same period. Private banks and conglomerates became key investors, which was previously dominated by large insurance companies.
Bunny Wang, head of international capital markets and international project marketing at Knight Frank China, believed that Chinese investors will continue to be interested in the traditional gateway markets.
“The buying spree that resulted from the yuan’s steady devaluation against the US dollar bodes well for gateway markets, at least in the short term,” Wang said.
- 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.
