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Chinese investors pour $30 bln into overseas property markets in 2014   

中国房企扎堆海外淘金

相比被称为“出海”年的2013年,在国内楼市下行调整的今年,中国房企抢占海外市场势头更加凶猛。全年中国跨境房地产投资额有望超过300亿美元。[查看全文]
2014-12-11 14:41 Ecns.cn Web Editor: Mo Hong'e
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(ECNS) -- Chinese investment in overseas property markets has hit a record high amid a downturn in domestic real estate.

Statistics show that overall investment in overseas property markets reached nearly 100 billion yuan ($16 billion) in the first quarter this year, exceeding the overall investment last year. The figure is expected to exceed $30 billion in 2014.

Country Garden allocated AUD$73 million in February to buy properties in northwest Sydney, Australia, while China Vanke kicked off a landmark project in Manhattan at the same time. In July, Wanda Group announced it would invest US$900 million to build a five-star hotel in Chicago.

"The domestic property industry is entering a transition period. We have to explore new development models, and overseas property markets are a supplement to the domestic real estate market," said Hu Weimin, vice president of Beijing Capital Lands.

In addition, the immigration rush in recent years has created an important market for overseas property investment, Hu added.

However, Zhou Biwen, director of the Real Estate Research Institute at the Beijing Institute of Technology, said that overseas investment carries risks, and that investors should consider markets, policies, exchange rates and cultures.

"The overseas market is not covered with gold, and each project should be evaluated in detail," he said.

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