Industry report says institutions and developers bullish on realty segment

Chinese commercial realty sales are expected to reach 260 billion yuan ($38 billion) by 2020, up 45 percent from the 2016 level, underlining huge investment potential in the sector, an industry report showed.

The report, published by Los Angeles-based commercial real estate and investment company CBRE Group, shows that China's bulk commercial real estate or CRE deals hit 180 billion yuan last year, taking a giant leap in the real estate industry.