Property News · June 6, 2019

Greater Bay Area initiative drives foreign investment in Guangzhou and Shenzhen real estate


Foreign investment in real estate in Guangzhou and Shenzhen, two core cities in Beijing’s Greater Bay Area scheme, hit 7.5 billion yuan (US$1.09 billion) in the first quarter of the year, up by nearly half from the 5.2 billion yuan seen in all of 2018.According to the latest report from property consultancy Cushman & Wakefield, foreign investment in the two cities accounted for 33 per cent of the 22.7 billion yuan invested in the two cities in the first quarter.“The [bay area] initiative has…

Source : South China Morning Post
Read more…Greater Bay Area initiative drives foreign investment in Guangzhou and Shenzhen real estate