Related News
Home » Business » Real Estate
Property investment market to stay hot
SHANGHAI’S real estate investment market will probably maintain its double-digit growth in transaction value this year with domestic buyers playing a bigger role than their overseas counterparts, global property consultancy DTZ/Cushman & Wakefield said in a report released yesterday.
En bloc real estate investment deals, excluding land transactions and confined to property acquisitions worth more than US$10 million each, will likely total US$70 billion in the city in 2016, which could represent a 20 percent jump from about US$58 billion in 2015, according to Jim Yip, managing director of investment and advisory services at DTZ/Cushman & Wakefield China.
“Several macro-economic factors, including a loose monetary policy, low interest rate and unabating yuan depreciation expectations, coupled with ever-growing investment enthusiasm among some new-generation insurance firms, have boosted momentum in the local market,” Yip said.
Notably, domestic players seemed to play a dominant role in the city’s real estate investment market. Of the US$18 billion worth of en bloc property deals completed in the first six months of this year, for example, 76 percent of the total value were sealed by domestic companies.
By property types, office buildings continued to be the most sought-after among all investors, accounting for about 60 percent of the total by value, DTZ/Cushman data showed.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.