China Ranks as No. 3 Global Real Estate Investor, Spends USD6.2 Billion in First Half(Yicai Global) Aug. 17 -- Chinese investors spent USD6.2 billion on foreign property purchases in the first half, making the country the third-largest cross-border real estate investor in the world after Germany and the UK, per statistics that international real estate service and investment management company Jones Lang LaSalle outed yesterday.
Other major cross-border capital source regions and countries in Asia are Hong Kong (USD4.9 billion), Singapore (USD4.1 billion), South Korea (USD1.9 billion) and Japan (USD1.6 billion), the data show.
Most Asian investment went to the world's three most liquid property markets the -- the US, UK and Germany. They received USD10 billion, USD6 billion and USD2 billion, respectively.
Asian investors were very active on the transnational real estate market in the first half, transacting five of the 10 largest cross-border property deals worldwide. Mainland Chinese companies outperformed all other investors in Asia Pacific.
Chinese conglomerate HNA Group Co. acquired Manhattan's 245 Park Avenue for USD2.21 billion in May in the largest asset acquisition in the first half.
