JLL pre­dicts surge in over­seas re­alty deals

China Daily (Canada) - - FRONT PAGE -

In­vestors from China are set to fork out $20 bil­lion on off­shore prop­erty this year, a 21 per­cent in­crease on 2014, as more do­mes­tic real es­tate de­vel­op­ers and in­sur­ers in­ter­na­tion­al­ize their hold­ings, ac­cord­ing to Jones Lang LaSalle Inc. Chi­nese off­shore prop­erty in­vest­ment in­creased 46 per­cent to $16.5 bil­lion last year, with nearly 70 per­cent go­ing on com­mer­cial real es­tate, the prop­erty con­sul­tancy said in a re­port. Out­bound spend­ing on com­mer­cial prop­erty, in­clud­ing of­fice build­ings, out­paced do­mes­tic in­vest­ment for the first time, the com­pany said.

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