Retail in Asia

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China’s retail property investments hit record in 2011

Investments in China’s retail real estate market hit a record last year, with transactions made beyond the traditional first-tier cities accounting for over half of the total value, according to a latest industry research.

Investors pumped in a total of CNY26.5 billion (USD4.2 billion) in major retail properties across the country, or 30 percent of the total commercial real estate investments in 2011, Jones Lang LaSalle said in a report released Thursday. The firm tracks purchases of individual retail property worth more than CNY30 million around the country.

(Source: Shanghai Daily )