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Article: DIRECT INVESTMENT IN MAINLAND CHINA REALTY SURGED 82% IN Q3
- Article from:
- AsiaInfo Services
- Article date:
- November 10, 2009
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AsiaInfo Services
11-10-2009
Direct Investment in Mainland China Realty Surged 82% in Q3
BEIJING, Nov 10, 2009 (SinoCast Daily Business Beat via COMTEX) -- Real estate services firm CB Richard Ellis Group Inc (NYSE: CBG) said in its latest report that in the third quarter of 2009, the direct investment in Asia's realty industry surged 25% quarter on quarter, estimated at USD 9.1 billion.
In particular, the sales amount rebounded strongly in Mainland China and amounted to USD 1.6 billion, soaring 82% from a quarter earlier. Domestic purchasers played a major role by contributing 80% of the overall trading volume, and they included insurance companies, banks, and state-owned firms.
According ...