Investors find a home in overseas real estate
By Hu Yuanyuan | China Daily | Updated: 2013-04-25 05:40
China's outbound investment into commercial real estate could reach $5 billion this year, international real estate advisory company Jones Lang LaSalle, or JLL, said in a report on Wednesday.
"Offices in New York, London, Singapore and Sydney are all popular destinations for Chinese investors," said David Green-Morgan, research director of global capital markets at JLL.
Those investors include institutional ones such as sovereign fund China Investment Corp, insurance companies and State-owned enterprises as well as high net worth individuals.
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