Over­seas real es­tate in­vest­ment hits record

China Daily (Canada) - - FRONT PAGE -

Chi­nese com­pa­nies in­vested a record $7.5 bil­lion in the over­seas com­mer­cial and res­i­den­tial real es­tate mar­ket in the first quar­ter of this year. The global real es­tate ser­vice com­pany JLLalso re­ported that trans­ac­tions in 2015 are ex­pected to hit $20 bil­lion.

Last year, Chi­nese in­vestors spent a record $17 bil­lion on over­seas real es­tate in the com­mer­cial and res­i­den­tial sec­tors — an in­crease of 21.4 per­cent com­pared to 2013. That year that Chi­nese com­pa­nies spent more on over­seas com­mer­cial real es­tate than on the do­mes­tic mar­ket.

While the do­mes­tic sec­tor for com­mer­cial and res­i­den­tial prop­erty slowed last year, over­seas in­vest­ment by Chi­nese com­pa­nies reached 52 per­cent of all real es­tate trans­ac­tions, ac­cord­ing to JLL.

As for the first quar­ter, JLL did not pro­vide a break­down of com­mer­cial and res­i­den­tial data or global hot spots.

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