China commercial realty woo more foreign investment

CHINA'S commercial property sector witnessed a rise in foreign investment in the first quarter, accounting for more than a third of the total inflows into the segment, real estate consultancy Cushman & Wakefield said in a report released on Thursday. Foreign investment accounted for 35 per cent of the total investment during the period, compared with 31 per cent in 2018, the report said. Total investment into commercial real estate rose 14.6 per cent in the first three months of 2019 from a year ago to US$12 billion, with office space continuing to remain the most favoured asset class, followed by retail.