A real estate market piled up with foreign funds cannot guarantee a stable high return.
According to media reports, in recent years, Chinese developers and speculators have poured into Phnom Penh, Cambodia, and high -rise apartments have risen with Chinese funds.The main sales targets of these real estate are not local residents of Phnom Penh, but mdash; mdash; industry insiders revealed that more than 80%of real estate developed by Chinese developers sold to Chinese investors.
Not only the Cambodian Phnom Penh, the real estate market in other Southeast Asian countries, but also more and more popular among Chinese investors.Bangkok media reported that Chinese investors are the largest foreign buyers in the Thai apartment market.China's funds are also heating up in the real estate markets of Vietnam, Malaysia, Myanmar and other countries.
This has a good side.Unlike the past enterprises and institutional investors entered the overseas real estate market, the main force of overseas real estate investment is now the main investor.This shows that many Chinese ordinary investors have initially possessed the ability to allocate assets overseas.
The bad side is that, from the business logic of Chinese developers and investors in Southeast Asia, it can smell some smells of drumming flowers.Although the per capita income level of Phnom Penh is the highest in Cambodia, local residents cannot afford high -level apartments.House prices in some popular areas in Bangkok are comparable to domestic house prices, and local ordinary residents can only sigh.In fact, Phnom Penh is Shenzhen 30 years ago. Such an advertisement has clearly hinted that the huge property market wealth effect will soon be repeated in different places.
The risk of this gameplay is self -evident.A real estate market piled up with foreign funds cannot guarantee a stable high return.The domestic financial risk control and foreign exchange management policies obviously do not support infinite flowers.In addition, foreign investors may also be stuck by different countries and regions.Many Chinese investors believe that overseas purchase can obtain permanent property rights, but in fact, it is not necessary. Foreign buyers in many property market projects in Bangkok can only have 49%of incomplete property rights.
A more macro risk is that if the real estate market price is up to the surrounding property market, it may still encounter local administrative intervention.One important reason for the traditional popular market that Chinese investors such as Chinese investors were keen on, and the local real estate market was turbulent that caused the local real estate market to cause government intervention.Intervention may also include other considerations, but in any case, buyers may be reduced to targets.Who can guarantee that this scene will not be restarted in the Southeast Asian market?
It is worth noting that in sharp contrast to the investment boom of real estate in Southeast Asia, it is the general risk and disgust of domestic investors.Since last year, many investors have reduced the proportion of investment in A shares and turned to low -risk wealth management products, funds and other assets.
One is the offensive attitude and the other is the defensive posture. This choice is not because it is optimistic about the economy in Southeast Asia and the domestic economic situation.In fact, from the perspective of economic performance and social environmental stability, domestic is more optimistic in China.
The problem is that there are very few markets in China that can participate in ordinary investors, and they have not given their due returns.Chinese investors tend to the real estate market in Southeast Asia to a certain extent is the result of the extrusion effect.Another reason is that domestic investment channels are still narrow.Except for A shares and real estate, ordinary investors basically have no other ways to seek high returns.The A -share market is still hovering at the bottom, and ordinary investors can only look out.
Southeast Asian real estate investment thermal reminds us that we need to reduce the risk and disgust of the domestic market as soon as possible, build a variety of bonds and equity markets, and strive to broaden the way for ordinary investors to invest in MDASH; mdash; after all, fat and water does not flow outsiders. Source: Beijing News
