News Snapshot:
Subdued sentiment continued to prevail in Shanghai’s real estate investment market in the third quarter despite increased interest in alternative sectors, global property adviser JLL said in a report issued yesterday. Between July and September, en bloc deals valued at 14.5 billion yuan (US$2.14 billion) were concluded in the city, a decrease of 18.6 percent from the previous quarter and a retreat of 16.6 percent from the same period a year ago, according to JLL’s latest quarterly data. Office assets remained the top option for buyers with transactions hitting 9.5 billion yuan, or 65.5 percent of the total. However, non-office...
