Chinese companies listed overseas are shopping for commercial property in the United States, Britain and Australia, where prices have fallen as much as 50 per cent from peak levels in 2007, according to property consultancy Savills.

'We expect to see three to four landmark deals worth between US$100 million and US$500 million each in the next six months,' said Savills group chief executive Jeremy Helsby, who has just completed a trip to the mainland.

'Some are buying funds with exposure to property, and some are direct property investors.'

South China Morning Post