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Investment in China’s property market reaches a record in 2016

CHINA'S real estate investment market closed with a record 209 billion yuan (US$30.18 billion) in transaction volume last year with Shanghai remaining the top investment destination, international property services provider JLL said in a report released today.

That represented a year-on-year surge of 52 percent and was mainly driven by domestic investors, who have stepped up their activity in key cities including Beijing and Shanghai in addition to their aggressive overseas investment.

"Shanghai continued to dominate the country's property investment market in 2016, accounting for 48 percent of the total investment volume," said Johnny Shao, head of capital markets for Shanghai and East China operation at JLL. "By asset types, office, which accounted for 55 percent of total transaction, remained the most favorable investment, trailed by retail space's 19 percent stake."

Total transaction volume reached 100 billion yuan in Shanghai last year while Beijing was the runner-up with 33 billion yuan, or 16 percent of the total. Shenzhen came the third with a 10 percent share, JLL data showed.


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