High-end properties, including commercial and luxury residential real estate, have seen rebound demand, led by rising rentals in Beijing, while institutional investors have become extremely active, a real estate services company said Wednesday."Hines, a US-based real estate developer, sold out its Embassy House at Dongzhimen, which it held for a long term, and received attractive yields," Qin Xiaomei, local director of JLL, said at the press release conference.
Other investors purchased several projects in the first quarter with optimistic expectations. Mapletree, a Singaporean company, acquired Gateway Plaza near Sanyuanqiao for around 2.9 billion yuan ($424.85 million). Full Story
