Chinese investors can’t seem to be getting enough of commercial real estate abroad – having already spent $1 billion in the first quarter on buying property, they are now on track to spend a whopping $5 billion for the whole year, according property services firm Jones Lang LaSalle.
If Chinese outbound investment in commercial property did hit $5 billion, as forecast, it will catapult the group to among the five biggest cross-border investors in this sector globally, according to Jones Lang LaSalle.
“It makes them an increasingly important player on the global scale,” David Green-Morgan, research director, global capital markets at Jones Lang LaSalle told CNBC. “The last two years they’ve made more of a mark and that’s when we’ve seen more of the outflow of capital from China coming.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.