China number 1 property investment

Real estate investment in China more than doubled to $156.2 billion last year, while the total for the U.S. slumped 64 percent to $38.3 billion, the New York-based broker said in a report Wednesday. Excluding residential investments, the U.S. came third after China and the U.K.

?China will continue to see vibrant investment activity, despite recent government measures to cool down the property markets,? Donald Han, Cushman & Wakefield?s managing director for Asia-Pacific capital markets, said in the report.

Eight of the world?s 20 largest property markets last year were located in the Asia Pacific region, with Hong Kong, Taiwan and New Zealand registering gains in investment, according to the report. Cushman & Wakefield is the world?s largest closely held commercial real estate adviser.

Source : Konaxis

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