Asia

Asian property investment: who is spending, and where?

As global investment into property by Chinese and Hong Kong investors nears record levels, we track who is spending and where

As global investment into property by Chinese and Hong Kong investors nears record levels, we track who is spending and where

Chinese and Hong Kong investors have splashed more than $41.8bn (£31.5bn) on international property in 2017 so far, a near-record level reached despite the Chinese government’s tightened capital controls.

Research compiled by Real Capital Analytics reveals that the 20 most active investors from China and Hong Kong accounted for $7bn of transactions.

They focused their attention mainly on the US, where they have collectively spent almost $4.2bn in the first eight months of the year. In the UK they spent just over $3.6bn, including CC Land’s £1.1bn purchase of the Leadenhall Building, EC3, also known as the Cheesegrater, in May.

A further £1.3bn of investment is heading to the City with the purchase of the Walkie Talkie, 20 Fenchurch Street, EC3, due to complete later this month.

The two largest Chinese overseas investors have both recently come under their government’s scrutiny as it looks to restrict outbound investment and its potential impact on the country’s currency reserves.

Anbang tops the list, having spent…

Other News

Tech City guide: Lisbon

It’s not San Francisco, but it has a bridge and a tech buzz to match. Historic, quaint and ramshackle, Lisbon is everything its stateside counterpart… Read more »

A Asia

How to achieve the best returns in London

Brexit was widely perceived as a vote against London’s dominance and, in the immediate-term, was expected to have a deleterious effect on the market as… Read more »

A Asia

Top tips for the capital’s overseas investors

Overseas investors are accounting for an increasing number of UK property transactions and, with the devaluation in sterling, the UK property market is set to… Read more »

A Asia