Weak Chinese Market Sends Chinese Homebuyers to Southeast Asia

China's residential real estate crisis is undermining demand for domestic property and pushing Chinese investors overseas. Since the property market looks like it may remain stalled for years, the situation is giving impetus to a new Chinese overseas investment boom - although one likely to be more restrained than what took place from 2014 to 2018.

KUALA LUMPUR, Malaysia (PRWEB) September 29, 2022

Juwai IQI has released a new report: "China Property Slowdown Drives Southeast Asia Property Investment."

In 2017, at the peak of the Chinese outbound investment boom, Chinese buyers acquired US$119.7 billion of international residential and commercial property. That dropped to US$49.6 billion in the following year. The Covid pandemic pushed it down even further. If current trends continue, investment may climb again.

The report's key themes include:

• Juwai IQI believes China will not fully reopen until at least Q3 2023.
• Chinese buyers are looking overseas as an alternative to stalled local markets and uncertainty about developers.
• WeChat searches for immigration and overseas homes surged this year.
• The report also includes a section on the top Southeast Asian destinations for cross-border buying, the outflow of high net worth individuals (HNWI), and the markets in Thailand, Malaysia, Singapore, and Vietnam.

Media: contact dave@juwaiiqi.com for a full, English-language copy of the report.

For the original version on PRWeb visit: https://www.prweb.com/releases/weak_chinese_market_sends_chinese_homebuyers_to_southeast_asia/prweb18922210.htm