Saturday, April 17, 2021

More than half of investors plan to buy commercial real estate in 2021


Latest Stories

Foreign suicide bomber, 2 other Abu Sayyaf terrorists killed in Sulu clash

AN alleged suicide bomber and two others linked to the Abu Sayyaf Group were killed in an encounter with...

P1.2-B illegally harvested giant clam shells seized in PH raid

Philippine authorities said on Saturday they have seized some 200 tons of illegally harvested giant clam shells worth nearly...

Robredo in quarantine after exposure to Covid positive close-in security

VICE President Maria Leonor "Leni" Robredo on Saturday disclosed that she is under quarantine after being in "very close...

Robredo’s online consultation program halts operations anew

VICE President Maria Leonor "Leni" Robredo has announced that her office will temporarily stop receiving requests again for their...

Robredo’s Swab Cab rolls out in Quezon City

THE Office of the Vice President (OVP) on Saturday rolled out its mobile antigen testing program in Quezon City. On...

High-rise buildings are seen in Shanghai. [Photo/Sipa]
As high as 57 percent of investors from home and abroad plan to increase their purchases of commercial real estate in China in 2021, the highest rate since 2016, according to the China Investor Intentions Survey 2021 released by CB Richard Ellis on Tuesday.

The survey showed Shanghai took the crown again in the Chinese mainland to become the most favored market for commercial property investors in terms of investment destinations. Nearly half of these survey investors took Shanghai as their first choice, followed by Beijing and Shenzhen.

All three cities were among the top 10 investment destinations for cross-border investors in Asia Pacific, which is deemed a good omen that more investors from abroad will actively expand their presence in the Chinese mainland this year.

The rapid recovery of China’s economy and commercial real estate market in the midst of repeated global epidemics has given investors broad recognition of its safety and growth prospects, said Li Ling, deputy general manager of CBRE China, adding the Chinese mainland will lead the recovery of investment in the global commercial real estate markets.



Today's Front Page