Chinese outbound real estate investment has slowed down, and Chinese enterprises now tend to invest in global gateway cities with good infrastructure.
According to property consultancy Knight Frank, the outbound investment in the real estate market was $10.7 billion (£8.72 billion) in the first half of this year, a drop by 13.6 per cent from the same period of the previous year.
Almost 84 per cent of the money has been invested in New York, London, Sydney, Melbourne, and Hong Kong because of increased uncertainties in the global real estate market. The figure was 42 per cent during the same period last year.
According to Knight Frank’s executive director Paul Hart, US continue to be the top destination for Chinese capital, having attracted $5.1 billion (£4.15 billion) in the first half of 2016, an increase of 21 per cent year-on-year.
Paul Hart added that Chinese investor have not been deterred by Brexit. In the first half of 2016, $1.7 billion (£1.38 billion) in Chinese capital outflows went to the UK property market, soaring 75 per cent from the same period last year.