No quenching China’s appetite for global real estate: JLL

SINGAPORE (Jan 25): Chinese Mainland’s outbound investment in commercial and residential properties reached a record high of US$33 billion ($47 billion) in 2016, a 53% increase over 2015, according to Jones Lang Lasalle.

A research report by BNP Paribas noted that Chinese investors were getting more prudent in seeking outbound investment opportunities for diversification, risk hedging and a stable income, amid the uncertainty in the global markets.

According to Jones Lang Lasalle, the biggest Chinese investments were in hotel and industrial properties, led by the US$6 billion acquisition of Strategic Hotels and Resorts by Anbang Insurance.

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