Main­land in­vestors snap up over­seas real es­tate

China Daily European Weekly - - Business -

The rapidly ex­pand­ing ap­petite of Chi­nese main­land cap­i­tal for in­ter­na­tional real es­tate as­sets reached a record high in 2016 and is likely to con­tinue to play a sig­nif­i­cant role in the global prop­erty mar­ket in the next few years — although more do­mes­tic cap­i­tal may look at op­por­tu­ni­ties on the main­land in 2017, a lead­ing real es­tate ser­vices provider said. Re­search by Jones Lang LaSalle found that the Chi­nese main­land’s out­bound in­vest­ment last year in com­mer­cial and res­i­den­tial prop­er­ties surged 53 per­cent from 2015, hit­ting $33 bil­lion. The re­port 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.

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