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Property lures investors

Source:Xinhua Published: 2013-3-25 23:58:01

China may see an increase in property transactions involving international investors in 2013, fueled by the economic recovery and the rosy outlook of China's commercial properties, industry experts said.

"On one hand, a number of deals are in the pipeline after lots of negotiations were conducted last year. On the other hand, the top management of international real estate funds are also under pressure because few deals were concluded last year," said Andy Zhang, managing director of Cushman & Wakefield China.

Shanghai's office and retail property sectors will see significant increases in large-scale deals this year, supported by investors' strong interest in commercial real estate, according to a research report from international property consultant Knight Frank.

China is still a focus for multinational companies mulling expansion and new business opportunities, so demand for commercial property will remain buoyant.

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