SHANGHAI, March 5 (Xinhua) -- A majority of global investors hold an optimistic view about China’s commercial property market in the long run despite some uncertainties caused by the novel coronavirus epidemic, according to a report unveiled by the global leading real estate services firm Cushman & Wakefield here on Wednesday.
According to the survey, 62 percent of those surveyed state that the epidemic produces a temporary impact on their investment activities, but they will continue investing in the Chinese mainland; 30 percent of them believe that the epidemic hasn't exerted any negative impact on their investment activities; 7 percent of them note that the epidemic seriously influences their investment activities and they will reduce investment; and only 1 percent of them claim that they take into no consideration of investing in the mainland of China in 12 months to come or consider withdrawing investment from China due to the epidemic.
In particular, investors are more passionate about investing in commercial properties in China’s first-tier cities.
“Commercial properties in China’s first-tier cities including Beijing, Shanghai, Shenzhen and Guangzhou boast huge investment potential. As prices in those areas have kept surging in the past several years, investors have been waiting for a correction for a long time to make the investment,” said Alvin Yip, President of the Capital Markets Department of Cushman & Wakefield Greater China and Head of Capital Markets in China.
Of those surveyed, 61 percent believe that commercial property market will turn active in six months after the epidemic with the trading volume growing remarkably, 34 percent hold that the market needs 6-12 months to recover, and only 5 percent think the market will get improved one year later, the report shows.
Of those investors surveyed,15 percent predict they will add investment value in the Chinese mainland, 74 percent think they will keep it the same as last year, but 11 percent note that they will reduce the investment value. (Edited by Zhang Yuan, zhangyuan11@xinhua.org)
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