Real estate transactions total US$9 billion in 2006

Updated: 2007-03-24 15:12

The transaction volumes of China's real estate hit a record of nine billion U.S. dollars in 2006, an increase of 69 percent year on year, according to a recent research by Jones Lang LaSalle (JLL).

Investment of foreign funds in the country's real estate market accounted for 60 percent of the total last year, the research said.

Cross-border investment represented 32 percent of the total investment in the Asia-Pacific region, up from 29 percent, it reported.

Investors would still be interested in the Asia-Pacific region since the booming real estate market provided them with opportunities of long-term returns, said Guy Hollis, a senior official with the JLL.

JLL is a leading real estate money management and services firm with some 150 offices worldwide and operating in more than 450 cities in more than 50 countries and regions.

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