Foreign realty attracts China investment

Chinese investment in overseas property markets will experience a surge this year partly because of the ongoing tightening measures at home and a rising yuan, industry analysts said.

Terence Tang, managing director of Capital Markets and Investment Services of Asia at Colliers International, believes that Chinese investment in real estate abroad will likely double in 2014 because of the currency appreciation and sustained growth in demand for places with attractive yields.

Brenda Wang, associate director at the research and consultancy department of Savills, also said there would be a dramatic rise in Chinese investments overseas, with the primary destination being the United Kingdom, Australia and Canada.