China's outbound investment into commercial real estate could reach $5 billion this year, international real estate advisory company Jones Lang LaSalle, or JLL, said in a report on Wednesday.

"Offices in New York, London, Singapore and Sydney are all popular destinations for Chinese investors," said David Green-Morgan, research director of global capital markets at JLL.

Those investors include institutional ones such as sovereign fund China Investment Corp, insurance companies and State-owned enterprises as well as high net worth individuals.