China property outbound investment expected to drop by up to 40%

Hong Kong

OVERSEAS property investments by Chinese institutions are expected to drop by 30-40 per cent in 2018, from a record US$42.2 billion last year, amid tighter government controls and approval procedures, a real estate services firm said.

A slide in the yuan and China's foreign exchange reserves in 2016 prompted regulators to restrict capital outflows, including a clampdown on "irrational" outbound investments in sectors such as property, hotels, entertainment, sports clubs and films.