No quenching China’s appetite for global real estate: JLL

SINGAPORE (Jan 25): Chinese Mainland’s outbound investment in commercial and residential properties reached a record high of US$33 billion ($47 billion) in 2016, a 53% increase over 2015, according to Jones Lang Lasalle.

A research report by BNP Paribas noted that Chinese investors were getting more prudent in seeking outbound investment opportunities for diversification, risk hedging and a stable income, amid the uncertainty in the global markets.

According to Jones Lang Lasalle, the biggest Chinese investments were in hotel and industrial properties, led by the US$6 billion acquisition of Strategic Hotels and Resorts by Anbang Insurance.

---

Related Stories

• Key issues Khazanah-led consortium will have to fix at MAHB post-privatisation
• Hong Kong tower seized from tycoon ends up sold to a university
• A US$12 bil climate fund is readying a rare bond issuance

---