Private investors in China turning to commercial property | 3 October 2012
Private investors in China are re-focusing their energy away from real estate, moving into the commercial property market instead.
That’s the claim from Urban-Rural Development (one of the country’s think tanks) and the Ministry of Housing, whose representative – Qin Hong – revealed the news at a recent press conference.
According to Chinadaily.com, the comments were sparked after the 2012 Private Capital and Real Estate Industry Research Report was released. It demonstrated that property investment in the regions of northern Shaanxi, Inner Mongolia autonomous region, Wenzhou, Zhejiang province, Ordos and the Shanxi province has shifted considerably into the commercial market.
This is despite overall private investment falling slightly, although this is something Hong expects to stabilise in the future.
Chinascopefinancial.com also reported on Hong’s comments and the report. It confirmed that these private investors are turning to office space, retail stores and serviced apartments to fill their portfolios, thanks to their ability to create a ‘stable rental income’.
Their investments may not be limited to what’s on offer in China, either, as recent reports have suggested that many wealthy Asians (including those from Indonesia, Thailand and China) are turning to London’s commercial properties.
Comments from Jones Lang LaSalle implied that London’s commercial real estate market is proving particularly attractive thanks to its maturity and ability to provide strong returns.
Written by Deborah Bates on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
Qube Global Software wins Industry Supplier of the Year Award for 2nd consecutive year | 2 December 2016
Qube Global Software won Industry Supplier of the Year at the News on the Block Property Management Awards for the second year running.
We have partnered with the Facilities Show to host an exclusive webinar on the relationship between facility, property and estate managers and their service providers and contractors.
We are delighted to announce that Qube Global Software has been shortlisted in the Industry Supplier of the Year category at the Property Management Awards 2016, hosted by News on the Block.