Asia

Chinese investment in foreign real estate up 53%

Chinese investment in overseas real estate rose to a record $33bn in 2016

Chinese investment in overseas real estate rose by 53% to a record $33bn in 2016, figures from JLL show.

The US attracted investment totalling $14.3bn, making it the top ranked destination for Chinese money for the second year in a row. The UK took fifth place with $2.2bn, behind Hong Kong, Malaysia and Australia.

A similar increase this year may be challenging given the discussion about China monitoring capital outflows,…

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