Meanwhile, Mainland Chinese Real Estate Investment Overseas (MCREIO) plunged to a seven-year low of US$3.8 billion in the first half of 2019, falling 68% over the same period last year amid restrictive outbound investment policies, a tightening lending environment and heightened global economic uncertainty, according to Cushman & Wakefield Research’s latest H1 2019 China Outbound Investment Report.
In the release, James Shepherd, Head of Research, Asia Pacific, said: “H1 2019 MCREIO transaction volume fell to its lowest point since 2012. Traditionally favoured destinations such as the U.S. and the U.K. have remained quiet as trade friction and Brexit uncertainty has rolled on.”
“Conversely, Singapore started to attract increased attention from Hong Kong investors and may increasingly be viewed as a comparatively safe haven given the challenges some other global destinations are facing,” he continued.