[photopress:Pudong_building.jpg,full,alignright]According to a recent research by Jones Lang LaSalle (JLL) the transaction volumes of China’s real estate hit a record of US$9 billion in 2006, an increase of 69% year on year.
Investment of foreign funds in the country’s real estate market accounted for 60% of the total last year, the research said.
Cross-border investment represented 32% of the total investment in the Asia-Pacific region, up from 29%, it reported. Guy Hollis, a senior official with JLL said investors would still be interested in the Asia-Pacific region since the booming real estate market provided them with opportunities of long-term returns.
JLL is a leading real estate money management and services firm with some 150 offices worldwide and operating in more than 450 cities in more than 50 countries and regions.