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Chinese overseas property investment to total $20 billion in 2015

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Chinese investors are likely to buy $20 billion worth of properties overseas in 2015, up 21% year-on-year, forecasts Jones Lang LaSalle.

Chinese overseas investment in real estate was nearly $16.5 billion in 2014, a 46% increase compared to the previous year. Apart from the domestic real estate buyers, property developers and insurers are behind this overseas buying spree, experts say.

In 2012, the China Insurance Regulatory Commission allowed insurance companies to invest in real estate outside of mainland China and Hong Kong, which has prompted them to move their assets overseas.

“The easing of restrictions over the last a few years by the Chinese government has (made it) … much easier for institutions as well as individuals to move money overseas,” said David Green-Morgan, the Singapore-based head of global research for International Capital Group at JLL.