Government News
Shanghai and Beijing in lead as property investment regains vibrancy 2021-08-02
China's real estate investment market continued to regain its vibrancy in the first half of this year, with Beijing and Shanghai leading the rebound, international property consultancy Cushman & Wakefield said in its latest research report.
In the first six months of 2021, 95 en bloc deals valued at a total of 88 billion yuan (US$13.59 billion) were completed across the country, a decrease of 18 percent from the second half of 2020.
However, Beijing and Shanghai, which are the country's two largest real estate investment markets, registered transactions valued at 30.3 billion yuan and 29.4 billion yuan each, an increase of 22 percent and 19 percent from the previous six-month period.
In the first six months of 2021, 95 en bloc deals valued at a total of 88 billion yuan (US$13.59 billion) were completed across the country, a decrease of 18 percent from the second half of 2020.
However, Beijing and Shanghai, which are the country's two largest real estate investment markets, registered transactions valued at 30.3 billion yuan and 29.4 billion yuan each, an increase of 22 percent and 19 percent from the previous six-month period.
