(Source: CCTV) Spurred by China's dizzying economic growth and runaway real; estate prices at home, cashed-up Chinese are now snapping up investment properties in other parts of the world. The latest forecasts show that China’s outbound real estate investments could climb to a new high of five billion US dollars this year. Brick by brick, Chinese investors are mapping out how to build up their real estate assets…Not only within China, but also overseas.
Jones Lang LaSalle projects that Chinese outbound real estate investment could reach up to 5 billion USD in 2013, up 20 percent from last year. The global property services firm estimates that in 2012, money flowing out of China into real estate investments overseas hit 4 billion US dollars. This was already 33 percent higher than in 2011. To see a complete CCTV report, click http://english.cntv.cn
Jones Lang LaSalle projects that Chinese outbound real estate investment could reach up to 5 billion USD in 2013, up 20 percent from last year. The global property services firm estimates that in 2012, money flowing out of China into real estate investments overseas hit 4 billion US dollars. This was already 33 percent higher than in 2011. To see a complete CCTV report, click http://english.cntv.cn
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