Institutional investors are expected to double their spending in Chinese real estate this year to US$7 billion, according to a Jones Lang LeSalle report quoted in the International Herald Tribune. Negative information may be dampening the market, making it a good time to buy. Sales to overseas institutions during the first half hit US$3.66 billion. Companies like Morgan Stanley, which bought two residential projects in Shanghai for US$187.5 million, and Goldman Sachs, which spent US$70 million in an apartment project in Shanghai, are driving the growth, Colliers said.