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Outbound property investment rises 33%
By Cherry Cao |
April 25, 2013, Thursday
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Print Edition
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CHINA'S outbound investment in commercial real estate jumped one third last year from 2011 and the trend will continue this year, a major international real estate services provider has predicted.
Money flowing out of China into direct real estate investment overseas totaled US$4 billion in 2012, an annual surge of 33 percent, Jones Lang LaSalle said yesterday.
This year, the company expects a 20-percent increase to US$5 billion following a strong first quarter which has already seen Chinese investors allocate US$1 billion to overseas real estate.
"China has always had the potential to be a major source of capital for real estate investment globally, and in the last few years we have really seen this market gather pace," said Arthur de Haast, head of the international capital group at Jones Lang LaSalle. "Our forecast is that China, and the Asia-Pacific region as a whole, will see this trend continue over the next 20 years."
In 2003, only 2 percent of all Chinese capital invested in real estate went overseas and by 2012 this figure jumped to 26 percent, the firm's data showed.
Money flowing out of China into direct real estate investment overseas totaled US$4 billion in 2012, an annual surge of 33 percent, Jones Lang LaSalle said yesterday.
This year, the company expects a 20-percent increase to US$5 billion following a strong first quarter which has already seen Chinese investors allocate US$1 billion to overseas real estate.
"China has always had the potential to be a major source of capital for real estate investment globally, and in the last few years we have really seen this market gather pace," said Arthur de Haast, head of the international capital group at Jones Lang LaSalle. "Our forecast is that China, and the Asia-Pacific region as a whole, will see this trend continue over the next 20 years."
In 2003, only 2 percent of all Chinese capital invested in real estate went overseas and by 2012 this figure jumped to 26 percent, the firm's data showed.
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