Shanghai still China's top location for real estate investment
Shanghai remained China's top location for real estate investment in 2018 with more than half of the country's transaction volume being recorded here, the latest industry reports showed. En-bloc real estate investment deals totaled 110 billion yuan (US$16.3 billion) in Shanghai last year, account
Published -
Jan 12, 2019 6:13 AM
Shanghai remained China's top location for real estate investment in 2018 with more than half of the country's transaction volume being recorded here, the latest industry reports showed. En-bloc real estate investment deals totaled 110 billion yuan (US$16.3 billion) in Shanghai last year, accounting for 56 percent of China's total, which fell 12.5 percent from 2017 to 197.7 billion yuan amid tight financing conditions, according to global property consultancy JLL, which tracks transactions of major real estate assets valued at over US$5 million. "The central government's de-leveraging campaign limited the overall financial environment over 2018, tightening domestic financing channels and affecting investors' financing capacity," said Jim Yip, head of capital markets for JLL China and East China. "The investment sales market did gain momentum at the end of the year despite a soft start, with foreign investors being a highlight in the market." A separate report released by international real estate services provider Savills also said international investors were given more opportunities to secure deals due to the lack of competition from their domestic counterparts.
Tags : INTERNATIONAL