Out­bound realty in­vest­ment dou­bles in 2015

China Daily (Canada) - - NEWS CAPSULE -

Chi­nese out­bound real es­tate in­vest­ment con­tin­ued to grow in 2015, reach­ing nearly $30 bil­lion and dou­bling that of 2014, a re­port by the global prop­erty con­sul­tancy Knight Frank said.

Most of the in­vest­ments were in gateway cities such as New York, Lon­don and Sydney and re­gional hubs like Chicago and Seat­tle.

David Ji, di­rec­tor and head of re­search and con­sul­tancy at Knight Frank China, said China’s in­sti­tu­tional in­vestors as well as banks and in­sur­ers are fo­cused on com­mer­cial prop­er­ties with sta­ble re­turns, which show their pref­er­ence for deals with lower risks.

As for in­di­vid­ual out­bound real es­tate in­vestors in China, more will choose to al­lo­cate their as­sets in res­i­den­tial prop­er­ties and their in­vest­ment de­ci­sions are more closely linked to their chil­dren’s ed­u­ca­tion and their own de­mands for care for years af­ter re­tir­ing, said the re­port.

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