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…