According to the FIRB Annual Report for 2019/20, the growth represents a surge of 16 per cent from mainland China from $6.1 billion to $7.1 billion. The numbers include both residential and commercial real estate.

"The year 2020 was unprecedented, involving as it did a once-in-a-century pandemic and massive interruptions to global travel and trade,” said Juwai IQI Group Co-Founder and Executive Chairman Georg Chmiel.