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@ South China Morning Post - by layer3.news
2025-03-13 02:17:46
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✍️ Foreign investors sold US$969 million worth of China's commercial real estate in 2024, marking a fourth consecutive year of net outflows.
👉 Foreign investors sold US$969 million worth of China's commercial real estate in 2024.
👉 Net outflows exceeded the net inflows for the preceding two years combined.
👉 The office market was the most affected, with vacancy rates climbing and net disposals amounting to US$1.9 billion.
👉 Blackstone and Canada Pension Plan Investment Board sold their stakes in Chinese real estate projects.
#BenjaminChow #China #GreaterBayArea #business
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