Foreign commercial real estate deals soaring
By Wang Ying in Shanghai | China Daily | Updated: 2019-01-24 07:15
Overseas investors revealed greater appetite for mainland properties in 2018
Foreign investors have significantly increased their presence in China's commercial real estate sector, investing 78 billion yuan ($11.5 billion) last year, a record since 2005 and up 61.5 percent year-on-year, according to recent data.
Throughout 2018, commercial real estate transactions hit a record high of 251.7 billion yuan, up 4 percent year-on-year, according to a report on China's 2019 property market outlook by global real estate consultancy CBRE.
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