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.