Chinese companies are increasingly looking for opportunities overseas and investment in commercial property will continue to grow in 2013.
Jones Lang LaSalle’s Asia Pacific chief executive, Alastair Hughes, says that Hong Kong, the United Kingdom and Australia will be the preferred destinations for Chinese property investors.
Hong Kong is a popular location for Chinese investors
During 2012 Chinese investment in overseas commercial property was estimated to be US $2.5 billion.
Hughes told the South China Morning Post that he expected to see further Chinese overseas investment, both in Hong Kong and elsewhere.
“Chinese buyers will continue to do two things. One: buy in Hong Kong. Two: buy elsewhere in the world, particularly the US, the UK, Australia, and other parts of Asia,” he said.
The property services firm believes that offshore investments by Chinese institutions will increase this year with developers also becoming more active in the global marketplace.
While Chinese investors look for opportunities overseas, international capital is also flowing into the Chinese market.
“The volume of offshore investments in Chinese commercial real estate doubled from 2008 to 2010,” Hughes said.
This reflects the increasingly easy access to the commercial property market in China for international investors looking for new sources of revenue.
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