Real estate has become the focus of foreign investment

On the first day to Islamabad, the reporter's predecessor gave a very serious account: "The rented house was rented three years ago at a monthly rent of $ 830. The contract will expire in July 2007 and foreigners Renting in Islamabad is generally $ 2,000 a month, so you have to be prepared to keep it under pressure. "Like the neighboring countries, the real estate market in Pakistan has been very prosperous in the last two years and Pakistan has opened up its real estate market to China, Few Chinese companies turned their attention to it. However, experts believe that investment in the real estate market in Pakistan still needs to be cautious.

Construction sites all over the major cities

At the intersection of Faisal Boulevard and Jinnah Boulevard, not far from the press station, there was a particularly noticeable site surrounding the wall. The Tami Group in Saudi Arabia is here to invest in a large complex of 37-storey super-five-star luxury hotels, 19-storey apartment blocks, 22-storey office towers and 5-storey shopping malls. Although the project has just started, but looks like the Louvre glass pyramid entrance of the sales office has long been whereabouts. In Pakistan, big projects like this can be found everywhere.

Pakistan's economy has developed rapidly in recent years. The most obvious manifestation is that more and more construction sites are under construction. Various shopping malls, modern design garden houses, office buildings and skyscrapers continue to emerge. The development of the real estate and construction industries has also led to the rapid development of related industries. Steel, stone, cement and other building materials have become the hot spots for consumption in Pakistan.

Real estate has become the focus of foreign investment

Pakistan has a rather generous policy on foreign investment. With the influx of a large number of foreign funds, lucrative and high-return real estate has quickly attracted the attention of foreign investors. Large numbers of companies in the Gulf countries that hold huge oil dollars are eyeing the Pakistani real estate market and many of them have entered this area by forming joint ventures with local companies. In addition, many companies in Thailand, Singapore and other places also showed their strong interests and came to inspect them one after another.

Pakistan and China have already started a five-year economic and trade cooperation framework. To speed up economic development, Pakistan has identified some important areas including real estate as Chinese investment targets. In recent years, Chinese enterprises have invested in real estate projects in Pakistan as well. According to the media reports, about 20 Chinese companies said they would invest in the recently proposed Haier-Ruba Economic Zone. In addition, Punjab has already allocated as much as 200 hectares of industrial land to Chinese investors in Faisalabad. The industrial complex worth 4.25 billion rupees (about 70 million U.S. dollars) will be the country's largest industrial park.At present, foreign investment in Pakistani real estate is also mainly concentrated in star hotels, office buildings and shopping malls and other large facilities. However, analysts believe that the government should encourage and guide foreign investors to invest funds in low-cost housing projects to ease the growing shortage of housing in Pakistan. Chinese companies are also taking the lead in seizing this opportunity. At present, a Chinese company is planning to participate in the project of building over 10,000 housing units for low-income people.

Before investing fully study the feasibility

However, most of the delegations who visited Pakistan were not able to read the following articles. Analysts think this is mainly for security reasons. In the past two years, Pakistani engineers have been kidnapped or attacked by Chinese engineers, causing casualties.

Experts here suggest that before investing, the feasibility of investment projects should also have a clear understanding. For example, Islamabad is a typical planning city. Its houses are basically single-family houses. Similar to the nature of villas, few apartment buildings appear. In addition, the investment real estate also needs strong financial support. The Tammy Group invests in just 6.6 acres of the building complex, which cost the company 6.6 billion rupees. The cost of these buildings was originally estimated at 250 million U.S. dollars and was later increased to 300 million U.S. dollars in order to enhance earthquake resistance and adapt to Pakistan's conditions.