China outpaced the US and the UK combined in commercial property sales in the first half of the year, Real Capital Analytics said.
China’s transactions totaled $31.2bn following a surge in land sales after the government eased credit terms, according to RCA. U.S. sales were $16.2bn in the first half, according to the report, and the U.K.’s were $13.7bn.
'There’s no question that China will be a more significant player on the world stage for commercial property transactions versus other Western countries,' said Dan Fasulo, the managing director at Real Capital. China’s growth 'may not be sustainable at this level,' he said.