This article is by: The Wall Street Journal
Read more about it here: Foreign Investing in Chinese Commercial Property Hits New High
An excerpt from The Wall Street Journal:
Foreign investors are starting to buy commercial real estate in China again, (...) while focusing on China’s maturing domestic market and longer-term growth prospects. Institutional investors—ranging from the U.S. and Switzerland to Bahrain and Singapore— were net buyers of $2.7 billion worth of Chinese commercial real estate in the first quarter, according to Real Capital Analytics. That marked the biggest amount of foreign purchases during a single quarter since Real Capital started collecting this data in 2007.
(...) Foreigners’ renewed interest reflects a bet on the growing power of the Chinese consumer, local businesses and regulatory changes that have helped level the playing field, investors and analysts said. Investors now say they are taking a long-term approach as the Chinese economy matures and government officials take steps to attract overseas capital. For instance, Shanghai and other cities have loosened restrictions on zoning for certain real-estate uses, making it a more favorable destination for foreign investors.
Your On-the-Ground People in China.
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