Foreign institutional investment in China's real estate market
This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections.
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| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2020
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| Online Access: | https://hdl.handle.net/1721.1/123585 |
| _version_ | 1811073354769104896 |
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| author | Zhou, Ye,S.M.Massachusetts Institute of Technology. |
| author2 | David M. Geltner. |
| author_facet | David M. Geltner. Zhou, Ye,S.M.Massachusetts Institute of Technology. |
| author_sort | Zhou, Ye,S.M.Massachusetts Institute of Technology. |
| collection | MIT |
| description | This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. |
| first_indexed | 2024-09-23T09:31:45Z |
| format | Thesis |
| id | mit-1721.1/123585 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T09:31:45Z |
| publishDate | 2020 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/1235852020-03-24T04:03:33Z Foreign institutional investment in China's real estate market Zhou, Ye,S.M.Massachusetts Institute of Technology. David M. Geltner. David M. Geltner. Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development. Massachusetts Institute of Technology. Center for Real Estate. Program in Real Estate Development Center for Real Estate. Program in Real Estate Development. This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. Thesis: S.M. in Real Estate Development, Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate, 2019 Cataloged from PDF version of thesis. Includes bibliographical references (pages 51-53). The Chinese real estate market has been growing rapidly over the past decade and has become a popular destination for foreign institutional investors (FIls) including both the public and private entities such as sovereign wealth funds, pension funds, equity funds, banks and insurance firms. An increasing interest from global investors has been observed recently. The total property transaction volume of foreign institutional investment in mainland China set a new yearly record in 2018 and a new quarterly record in the first quarter of 2019. The main objective of this study is to identify the investor universe and the investment patterns of different types of FlIs in China's real estate market. Thorough analysis of the actual transaction data is performed to understand the investment behaviors and preferences in each major property sector including office, retail, industrial, apartment, hotel and site development. Company profiles and a few selected cases formost active investors in the market are reviewed to analyze the investment strategies. This research finds that institutions from the United States and Singapore have dominated the foreign investment field. Equity funds and investment managers are the most active players among all types of FIls. While the office sector is the most popular type, prime retail assets also have a few loyal followers. The development site lost it attractiveness but the industrial and the rental apartment sectors received tremendous attention in recent years. Following their investment guidelines, FIls demonstrate different risk tolerances by the investor type and also adopt various investment strategies for different property types. The study also provides analysis of future investment trends in the selected promising sectors and regions. The investment risks are assessed for FIIs who have been or will be in the Chinese real estate market. by Ye Zhou. S.M. in Real Estate Development S.M.inRealEstateDevelopment Massachusetts Institute of Technology, Program in Real Estate Development in conjunction with the Center for Real Estate 2020-01-23T16:58:14Z 2020-01-23T16:58:14Z 2019 2019 Thesis https://hdl.handle.net/1721.1/123585 1135802798 eng MIT theses are protected by copyright. They may be viewed, downloaded, or printed from this source but further reproduction or distribution in any format is prohibited without written permission. http://dspace.mit.edu/handle/1721.1/7582 56 pages application/pdf a-cc--- Massachusetts Institute of Technology |
| spellingShingle | Center for Real Estate. Program in Real Estate Development. Zhou, Ye,S.M.Massachusetts Institute of Technology. Foreign institutional investment in China's real estate market |
| title | Foreign institutional investment in China's real estate market |
| title_full | Foreign institutional investment in China's real estate market |
| title_fullStr | Foreign institutional investment in China's real estate market |
| title_full_unstemmed | Foreign institutional investment in China's real estate market |
| title_short | Foreign institutional investment in China's real estate market |
| title_sort | foreign institutional investment in china s real estate market |
| topic | Center for Real Estate. Program in Real Estate Development. |
| url | https://hdl.handle.net/1721.1/123585 |
| work_keys_str_mv | AT zhouyesmmassachusettsinstituteoftechnology foreigninstitutionalinvestmentinchinasrealestatemarket |