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Moving up the ranking
By Cao Qian |
September 18, 2010, Saturday
|
Print Edition
Print Edition
CHINA rose from sixth spot a year ago to become the fourth most popular destination in the world in cross-border commercial real estate investment in the first half of this year, according to a latest industry research.
Cross-border investment totaled US$4.3 billion in China during the first six months, compared with US$580 million made between January and June 2009, international real estate services provider Jones Lang LaSalle said in a report released yesterday.
Globally, the UK was the most popular destination with cross-border investment of US$7 billion in the first half, followed by Germany and the United States.
Cross-border investment refers to the purchaser, vendor or both originating from outside the country where the asset is located.
In fact, cross-border activity has been climbing around the world this year amid improved confidence among global investors.
Between January and June, about 43 percent of global commercial real estate investment was made by cross-border investors, up from 31 percent recorded in the same period a year ago, Jones Lang LaSalle research has found.
By sector, while offices continued to dominate the global commercial real estate investment, its share fell to 48 percent in the first six months from 53 percent a year ago.
Cross-border investment totaled US$4.3 billion in China during the first six months, compared with US$580 million made between January and June 2009, international real estate services provider Jones Lang LaSalle said in a report released yesterday.
Globally, the UK was the most popular destination with cross-border investment of US$7 billion in the first half, followed by Germany and the United States.
Cross-border investment refers to the purchaser, vendor or both originating from outside the country where the asset is located.
In fact, cross-border activity has been climbing around the world this year amid improved confidence among global investors.
Between January and June, about 43 percent of global commercial real estate investment was made by cross-border investors, up from 31 percent recorded in the same period a year ago, Jones Lang LaSalle research has found.
By sector, while offices continued to dominate the global commercial real estate investment, its share fell to 48 percent in the first six months from 53 percent a year ago.
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