Chinese commercial property investors pause overseas acquisition trial
Chinese commercial property investors have paused purchasing overseas investments until this November's Chinese National Party Congress provided greater clarity around some of the newly announced capital restrictions.
"Post the national congress, it will be interesting to see whether there are any changes to the restrictions to support offshore investment out of China into Australia," CBA executive director real estate, George Vallas told Fairfax Media.
The pause on all investments overseas was addressed during a roadshow by Colliers International, the Commonwealth Bank of Australia and PwC, which toured China in September.
"Many investors are trying to be good citizens," Colliers International's head of investment services Matthew Meynell said.
"There is a saying among corporates in China – never bet against the Government," Mr Meynell added.
However Singaporean, Hong Kong, Malaysian and Vietnamese investors had re-emerged with interest in Australia.
There were a significantly high number of high net worth and institutional investors from these countries attending roadshow presentations.