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BEIJING, Oct. 27 (Xinhua) -- Asian investors accounted for nearly 20% of global outbound cross-border investment in commercial real estate (CRE) in the first half of 2015, with China top in the region, said a Tuesday report by CBRE.
China's outbound CRE stood at 6.6 billion U.S. dollars in the first six months, followed by Singapore's 4.4 billion and 2.2 billion from Hong Kong.
On a global basis, China is the 4th largest source of cross-border capital in commercial real estate, after the United States, Canada and Germany, according to CBRE, the world's largest commercial real estate services and investment firm by revenue.
The United States, the United Kingdom and Germany remain the three largest CRE investment markets.
"Although China is experiencing weaker inbound investment activity due to a combination of expensive -- in a global context -- pricing and the recent economic slowdown, we believe China has the momentum to grow on its long-term road to global expansion." said Johnny Shao, Head of Investment Properties at CBRE China.
"We further foresee that China will benefit from increased investments by long-term asset holders and the development of a more balanced sector mix," he said.
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