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September 22, 2016

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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.


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