Property News · January 24, 2017

China’s outbound real estate investment to fall on forex curbs


China’s overseas real estate investment will likely hit a blip this year after reporting sizzling growth in 2016 in the wake of Beijing’s tightened foreign-exchange control.
According to global property service firm JLL, outbound real estate investment jumped 53 per cent to US$33 billion last year as a result of the increasing acquisition of assets around the globe by Chinese institutions including insurers, sovereign wealth funds and developers.
But Joe Zhou, JLL’s head of…

Source : South China Morning Post
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