In­vestors put more cap­i­tal in overseas real es­tate

China Daily (Canada) - - NEWS CAPSULE -

The Chi­nese main­land’s out­bound in­vest­ment last year in com­mer­cial and res­i­den­tial prop­er­ties surged 53 per­cent from 2015, hit­ting $33 bil­lion, ac­cord­ing to a re­port.

Re­search by Jones Lang LaSalle said that over the past three years in­vest­ments in land, of­fice build­ings and ho­tels ac­counted for 90 per­cent of the over­all out­bound prop­erty in­vest­ments.

In 2016, ho­tel and in­dus­trial prop­er­ties were the two seg­ments that saw the big­gest in­vest­ment in­creases. A surge in ho­tel buy­ing was boosted by the pur­chase of Strate­gic Ho­tels and Re­sorts by An­bang In­surance for more than $6 bil­lion, JLL said.

It said that Chi­nese main­land cap­i­tal was also fun­neled into ac­quir­ing land, with a 44 per­cent year-on-year in­crease in global land ac­qui­si­tion deals. Hong Kong, Aus­tralia and Malaysia were the most pop­u­lar des­ti­na­tions.

Di­ver­si­fy­ing in­vest­ments, hedg­ing risks and se­cur­ing sta­ble steady in­come were the ma­jor rea­sons cited for apita.

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