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Foreign Investments Top $1B in China

BEIJING-North Americans account for nearly half the $1.44-billion foreign acquisition of property in China in the first six months of 2006.

By Anita Howarth | Updated on October 25, 2006

(To read more on the debt and equity markets, click here.)

BEIJING-Foreign investors spent $1.44 billion in the first half of the year buying buildings in China, says a new report by CB Richard Ellis. This was 15% higher than the total invested by foreigners for the whole of 2005. But total foreign investment in China’s real estate market is likely to be considerably higher. The figure mainly refers to money used to purchase buildings and does not include purchases of land for development.

A further breakdown of the figures indicate that North American investors accounted for 43% of the property-buying total. North Asian investment increased from last year’s 1% to 24% in the first half year, while capital from Southeast Asia dropped from last year’s 36% to 19%, the report says.

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