26 Jun '13, 11pm

Asia Investment in US Property at Record Levels

Asia Investment in US Property at Record Levels

Asia investors are buying property in the United States at a historic pace--and it's not only Chinese buyers. Singapore funds have invested $1.87 billion in the U.S. so far in 2013, compared to less than $1 billion last year, according to Real Capital Analytics. The 2013 activity is more than Singapore has invested in total in the last decade, the firm reports. South Korea has invested $1.83 billion in the U.S., part of global push in property investment. South Korea has invested more than $5 billion in foreign property around the world in the first half of 2013, compared to only $500 million in the same period of 2012, Jones Lang LaSalle reports . South Korea's activity in the U.S. includes Mirae Asset Global Investments' acquisition of an office tower on Chicago's Wacker Dr. for $218 million. Meanwhile, China funds have invested more than $1.5 billion in 2013, compared w...

Full article: http://www.worldpropertychannel.com/north-america-commerc...

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