News Column

China : OVERSEAS expansion on the cards for CHINA'S property companies

June 16, 2014

Property companies quickened the pace of their offshore expansion to meet the appetite of Chinese consumers and to find new opportunities beyond the tepid domestic property market.

According to Jones Lang LaSalle, an international global real estate services and investment management company, in the first quarter of 2014, institutional investors' offshore property investments increased 25% year-on-year to US $2.1 billion, while the sum going to residential property grew by 80%.

The overseas residential property investment by China's institutional investors in the quarter surpassed US $1.1 billion, smashing 2013's record of US $600 million. The real estate projects in the Australia, UK, and the US were most favoured by Chinese investors.

Offshore expansion by Chinese investors became more impressive than the domestic market because it has a higher potential profit.

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Source: TendersInfo (India)

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