Overseas property investment by Chinese firms increased by 600 percent over the past three years as investors and developers looked for capital security and portfolio diversification outside China.
Chinese firms increased their overseas real estate investment from $900 million in 2010 to $5.6 billion in 2012, according to research from Savills China. The move into foreign property markets began with individual investors looking for residential properties and moved to institutional developers, the firm says.
Over the years, Chinese nationals have turned to foreign countries looking for access to education and healthcare, permanent residency and citizenship.
Similarly, developers are adopting different investment approaches overseas as a result of a cooling Chinese market, which has increased the risk profile.
Source:Source:Globle News Center
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