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        China for the third quarter of the Asia-Pacific region the best real estate inve


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The property market in Asia Pacific totaled US $ 33.1bn in the third quarter, according to a report by Jones Lang LaSalle (JLL.N), an international property consultancy. China was the best performer in the region, Turnover of 9.8 billion US dollars, up 45%.

"The sale of assets by some local enterprises nationwide has supported the market volume, with Mainland buyers being active in tier-one cities and aggressive in asset pricing," said Shao Lul, Head of Investment, Jones Lang LaSalle Shanghai and East China .

Despite the intense competition from online retailers, successful physical retail projects continue to attract investor attention. For example, Chongbang Group, a retail-market complex that specializes in retailing in Shanghai, spent $ 500 million to buy back 80% of Shanghai Jinqiao International Commercial Plaza.

The first three quarters of this year, the Asia-Pacific real estate investment market turnover of 86.6 billion US dollars, compared with the same period last year.

Jones Lang LaSalle said that cross-border investors in the third quarter was particularly active, accounting for the total turnover of about 30% of the quarter.

The Asia-Pacific region, said the head of research Megan Walters, the first three quarters of this year, as Asian investors tend to invest in the market close to their own countries, the region's regional buyers a slight increase in volume, but cross-regional buyers volume declined .

As for the Hong Kong property investment market in the third quarter of the strong growth in volume, quarterly growth rate of 56%. Jones Lang LaSalle Hong Kong managing director and head of investment Zeng Huan-ping said that mainland enterprises to participate in the third quarter of the Hong Kong market, most of the investment transactions. Investors continue to favor the sale of commercial buildings, especially the rent to be supported by the needs of enterprises in the Mainland project. In addition, the recent high price of land and office prices, is likely to hit the Hong Kong property market in the short term the new high prices.


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