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

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.

This article first appeared on www.manilatimes.net