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@ Layer3.news
2025-03-13 02:17:47
nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgq602nll7gsn3uy643hcjkgauy99fzuwqhu9l3554nq5ad4g32wgvgsytrw
GLOBAL FUNDS EXIT CHINA’S COMMERCIAL PROPERTIES WITH FOURTH YEAR OF NET SELLING
https://cdn.i-scmp.com/sites/default/files/styles/1280x720/public/d8/images/canvas/2025/03/12/e0578907-9f97-4aa4-8719-6921438d0524_8c1b7a07.jpg?itok=kbBpuJQ1
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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.
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👉 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.
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#BenjaminChow #China #GreaterBayArea #business
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