Foreign investment in property declines in Guangdong

While domestic loans for property development in Guangdong grew 23.1 percent year-on-year in 2012, foreign investment in the sector declined 60.4 percent, according to the annual report on the province's property sector released by the Guangdong Real Estate Association on Wednesday.

Foreign investment in property development across the country — which stood at only around 2 percent of the total investment at the peak — has dropped significantly, according to the research department of the association.

Property companies have become stronger in terms of capital in the past decade and have weaker demand for foreign capital.

Also, with the cancellation of some favorable policies for foreign investment in the sector, some advantages have disappeared.