A growing number of foreign buyers are heading to the Chinese property market,
drawn by the sector's promise of high investment returns and solid economic credentials. Statistics from the Ministry of Commerce show that a total of 114 foreign-funded real estate companies went on the record in November.
This figure is 2.71 times higher than the number entering the records in October and demonstrates how foreign investors' have quickened their pace in entering China's real estate market, People's Daily Online reports.
"There are still good investment opportunities in China's smaller cities and foreign investors are trying to diversify their investment categories and destinations to hedge risks," said Carlby Xie, head of research and consulting for North China at Colliers International.
In the first ten months of this year, the amount of foreign capital in the real estate sector jumped by 48.04 per cent compared with the same period in 2009, the figures show.
However, according to leading ratings agency Moody's, China's property market
has experienced asset bubbles during the past 18 months, but government intervention to cool down the market will help stave off a big downturn in the housing prices.
- Thursday 02 December 2010