Property News · August 23, 2017

Chinese buyers retreat from global property market as Beijing restricts deals


Cash-rich Chinese firms – the big spenders in the global property market in the past four years – are getting cold feet as Beijing tightens controls on outbound investment.
“Requests for overseas acquisitions are already drying up,” said Paul Guan, a partner with global law firm Paul Hastings who advises Chinese institutional investors on overseas real estate.
“Business owners all know the Chinese government has sent a clear signal this time that they want to curb…

Source : South China Morning Post
Read more…Chinese buyers retreat from global property market as Beijing restricts deals