Chinese real estate investment in US drops by 60pc to US$5.9bBusiness | 12 Oct 2018 8:03 pm
Chinese investors, including those based in Hong Kong with capital originating from the Chinese mainland, invested nearly US$44 billion in global real estate markets, representing an 11.7 percent year-on- year increase, leading realtor Knight Frank said in the fourth Chinese Outbound Real Estate Investment Report titled Riding the Waves.
The rise in investment was largely helped by a large logistics portfolio acquisition by China’s sovereign wealth fund CIC.
This year, however, has been a mixed market for Chinese investors.
The US market attracted US$5.99 billion worth of Chinese investment in 2017, a decrease of over 60 percent on-year, making it not only the first drop in recent years, but also the worst performer among key markets.
Chinese investors spent US$2.60 billion in Australia in 2017, a drop of over 50 percent on-year after three years of double-digit growth.