China developers invest $7.6b overseas
Updated: 2014-03-27 19:49
By Qiu Quanlin in Guangzhou (chinadaily.com.cn)
|
||||||||
Chinese property developers invested $7.6 billion in the overseas market in 2013, a sharp increase of 124 percent from the year before, according to an industrial report.
The report, released by global property service provider Jones Lang LaSalle on March 25 in Guangzhou, the capital of Guangdong province, also predicted that Chinese overseas property investment will exceed $10 billion this year, thanks to domestic developers, growing interest in the overseas market.
Britain and the United States remained the top two destinations for Chinese developers, with a combined investment of $5.4 billion, according to the report.
In the Asia-Pacific region, Australia attracted Chinese property investments of $700 million, and Singapore garnered $1 billion.
Alistair Meadows, head of International Capital Group (Asia Pacific) of Jones Lang LaSalle, attributed the increased investment from Chinese developers mainly to China's "go global" policy to encourage domestic companies to invest overseas.
"Chinese capitals will become a key factor to drive the global property development in the years ahead," Meadows said.
- Property developer to introduce 2,000 Italian brands
- Openness urged in property disputes
- Developer's collapse highlights property sector risk
- China to launch unified property registration
- Ineos to take Sinopec units to court in intellectual property case
- Default 'sign of stress' in property sector
- PBOC denies bailout talks with property developer
Xi watches China-Germany youth football match in Berlin
Participants run for color
Indian air force cargo plane crashes, killing 5
Highlights of the Baselworld 2014
Obama tours the Colosseum
Green Snake premieres in DC; an enchanting mystery
Trans-Pacific-City, State bonds celebrated
Remains of Chinese soldiers in Korean War return
Most Viewed
Editor's Picks
|
|
|
|
|
|
Today's Top News
Putin calls Obama to talk Ukraine
China, Germany to build yuan center
Turkey labels YouTube leak a 'plot'
DPRK lashes out at ROK 'gangsters'
Japan frees world's longest-held death row inmate
Obama unveils plan to end NSA's bulk collection
Microsoft unveils Office for iPad
New lead shifts Malaysia jet search area
US Weekly
|
|















