Chinese insurance funds look to overseas properties | Bangkok Post: business

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Chinese funds target foreign property

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Asian markets with similar cultural backgrounds such as Thailand, Hong Kong, Singapore and Malaysia are among countries being targeted by Chinese insurance funds that have more than US$14 billion available for overseas real estate investment, according to the latest research report from global property adviser CBRE. 

Given the present scarcity of investable prime properties in first-tier Chinese cities and the short-term risk from the oversupply in second- and third-tier Chinese cities, prime high-end office properties in core international cities are expected to be highly sought after, especially considering the attractive yields they can produce in today's low interest rate environment.

Chinese institutional investors are still relative newcomers to cross-border real estate investment strategies, compared to pension funds, insurance funds and sovereign wealth funds from other regions, the report said.

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