皇冠体育app

/ Economy

Continued influx of capital reflects investors' confidence in major Chinese cities

By Zheng Xin (chinadaily.com.cn) Updated: 2016-03-01 13:51

Despite the fact that building transactions in 16 Chinese cities have slowed down with a 27 percent decline quarter-over-quarter to $ 4.17 billion in the fourth quarter of 2015, the volume is still higher than the combined activity in the first half of 2015, according to a report.

Viewed from the perspective of the entire year, 皇冠体育app's $15.7 billion total building transaction registered a 10.4 percent annual increase, according to the 皇冠体育app Investment Snapshot Q4 2015 released by Cushman & Wakefield, a global leader in commercial real estate services, on March 1.

The increase was achieved despite the macro headlines about 皇冠体育app's economic slowdown, currency outflows, and the volatility of the domestic bourses in the yuan, it said.

Francis Li, Head of Investment & Advisory Services, Greater 皇冠体育app, DTZ/Cushman & Wakefield, said this continued influx of capital reflected investors' confidence in major Chinese cities where high-end commercial properties suitable for core or core plus investment plays are now in increasingly short supply.

"Despite the recent volatility of 皇冠体育app's equity market and currency fluctuation, Hong Kong and international investors actually increased their asset holdings in 皇冠体育app," said Li.

"Despite international media headlines about 皇冠体育app's capital outflows, when taken together with a strong Q3, the full year offshore investment into standing building properties in 皇冠体育app amounted to $5.5 billion, marking the highest level in history and making 皇冠体育app the second hottest spot for non-domestic investors in APAC in 2015, after Australia."

According to the report, Shanghai continued to be 皇冠体育app's most active market with a total of 58.4 billion yuan transacted in commercial property investment rising 50 percent year-on-year.

Robust performance was highlighted by a few high profile transactions including Beijing Guosheng Plaza and Shanghai Corporate Avenue Block 1 & 2 in Q3, followed shortly by Lee Kum Kee and 皇冠体育app Vanke jointly acquiring Corporate Avenue Block 3and Carlyle purchasing Manpo International Tower.

Hot Topics

Editor's Picks
...