21 August 2019

China overseas property investments hit record high, report says

Overseas property investment by Chinese entities and individuals was up 25 percent from a year earlier in the first nine months of 2013 to US$5 billion, hitting a record high, the Securities Times reported Friday, citing a report from real estate consultancy Jones Lang LaSalle. The nine-month figure this year was more than that recorded in the full-year 2012, which stood at US$4 billion, the report said. Chinese investors, including sovereign wealth funds, insurers, developers as well as wealthy individuals, mainly invested in property assets in the United States, Europe, Australia and Singapore during the period, it said.

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