(China Daily / ANN) – Foreign investors have been increasingly active in the Beijing real estate market this year, with their transactions projected to reach a record in 2019, industry experts said.
"We see a growing proportion of foreign investors taking part in the Beijing real estate market this year, and we expect another round of investment this year," said Liu Bing, deputy director of DTZ's capital markets department in China.
"This is mainly due to the appreciation of the dollar since last year and the narrowing of financing channels for domestic players."
According to DTZ, foreign investors have reached 10 block deals valued at more than 25 billion yuan ($ 3.7 billion) in the Beijing real estate market from early 2018 through the first quarter of 2019.
JLL's statistics indicate that foreign investors continue to show interest in the market this year.
Dinghao Electronics Plaza in Zhongguancun was purchased by a joint venture between Partners Group, Family Office, SDP Investments and The Carlyle Group for about 9 billion yuan.
"Given the strong presence of leading and fast-growing IT firms in the area, Zhongguancun remains a plus for investment opportunities in Beijing," said Michael Wang, director of JLL's capital markets in Beijing.
"Due to the lack of space for commercial lease in the IT-driven submarket, rapidly expanding companies are increasingly choosing to buy entire buildings to meet the needs of large offices."