THE NUM­BER

2.1 BIL­LION DOL­LARS

China Daily (Canada) - - CHINA -

Property firms have quick­ened their pace of off­shore ex­pan­sion to meet the ap­petite of Chi­nese con­sumers and find new op­por­tu­ni­ties be­yond the tepid do­mes­tic property mar­ket. In the first quar­ter of 2014, in­sti­tu­tional in­vestors’ off­shore property in­vest­ments rose 25 per­cent year-on-year to $2.1 bil­lion, while the sum go­ing to res­i­den­tial property grew by 80 per­cent, ac­cord­ing to Jones Lang LaSalle Inc, a global real es­tate ser­vices and in­vest­ment man­age­ment com­pany.

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