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China's foreign commercial property investment to rise for 20 years
By Juwai, 26 April 2013
According to Jones Lang LaSelle, China's outbound investment in commercial real estate increased 33% to reach US$4 billion in 2012 and will keep growing for 20 years.
The upward trend is expected to continue this year with a 20% increase, given that the first quarter already saw Chinese allocating US$1 billion to overseas real estate. A decade ago, only 2% of all Chinese capital invested in real estate went overseas, compared to 26% in 2012. Hong Kong, Singapore, London, New York, San Francisco and Sydney have proved particularly popular. Chinese are increasingly interested in Europe as well.
