Mergers and acquisitions in China’s real estate sector totalled US$6.8 billion through the last week in November, with the value of transactions increasing nearly five times over the mark achieved during the same month of 2012. The deal volume represents a new record for the country’s real estate industry.
Figures released on Thursday by financial information provider Dealogic, and cited by the China Daily, indicate that, while the number of deals for acquiring real estate in China decreased from 39 in November 2012, to only 27 for the month just concluded, the 2013 dollar figure far exceeded 2012’s $1.4 billion.
November’s total was also a substantial increase over the previous month, when only $4.5 billion in acquisitions were completed. However, the week-long October holiday traditionally slows down business during the month.
Real Estate the Biggest Slice of China’s M&A Pie
With $37 billion in deals announced already in 2013, China’s real estate industry leads all other market sectors for M&A value, accounting for 17 percent of the country’s total deal value.
The overall value of deals for 2013 also represents a new record for China’s real estate industry, more than doubling the figure recorded during 2012.
The M&A figures include only deals related to China real estate assets, and did not include outbound investment deals from China.