Bil­lion

China Daily (Canada) - - SHANGHAI -

the value of off­shore property in­vest­ment by Chi­nese buy­ers ex­pected

in 2015

“More and more Chi­nese tourists are pick­ing Hawaii as their hol­i­day des­ti­na­tion of choice and this is ex­pected of a property mar­ket in the US that is cur­rently ex­pe­ri­enc­ing a boom,” said Wein­reb.

Ac­cord­ing to a re­search re­port re­leased by Jones Lang LaSalle early this year, Chi­nese off­shore property in­vest­ment had in­creased 46 per­cent to a record high of $16.5 bil­lion in 2014 com­pared to the year be­fore. China has also emerged as one of the top five places in the world in terms of cross-border cap­i­tal flow, largely due to a surge in over­seas in­vest­ments in property mar­kets.

Sta­tis­tics also show that Chi­nese in­vest­ments in over­seas prop­er­ties have sur­passed those in the do­mes­tic real es­tate mar­ket, and ex­perts ex­pect this trend to con­tinue.

“The value of off­shore property in­vest­ment among Chi­nese buy­ers will prob­a­bly reach $20 bil­lion in 2015,” said David Green-Mor­gan, re­search di­rec­tor of global cap­i­tal mar­kets at Jones Lang LaSalle.

“The eas­ing of re­stric­tions over the last few years by the Chi­nese gov­ern­ment has made it much eas­ier for in­sti­tu­tions as well as in­di­vid­u­als to move money over­seas,” added Green-Mor­gan.

To cater to the ris­ing de­mand by Chi­nese in­vestors, for­eign property de­vel­op­ers have spe­cially in­cluded fea­tures such as shop­ping malls, su­per­mar­kets and other ameni­ties to their res­i­den­tial prop­er­ties.

“We are in­clud­ing an ex­tra­or­di­nary amount of life­style op­tions, such as health and well­ness fa­cil­i­ties, to help bal­ance th­ese neigh­bor­hoods, which are more like a mini coun­tries rather than just a res­i­den­tial block of apart­ments,” said Wein­reb.

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