16 Dec '13, 2am

The United States is the top destination for Chinese property buyers and investors

Comment E-mail to friend Bookmark & Share The United States will be the top destination for Chinese property buyers and investors during 2013, and they are increasingly looking at new locations. New York is by far the most popular destination, according to research by China-based overseas property portal Juwai.com . Los Angeles and Philadelphia come next followed by Detroit, Houston, Chicago, Las Vegas, Atlanta, San Diego and Memphis. The fastest growing United States cities are Honolulu, Detroit, Charlotte, Chicago and Austin. Many destinations have strong Chinese communities and others are being selected because of their excellent education options. Cash-rich, wealthy buyers want a safe haven for their money, says Pam Liebman, CEO with broker, the Corcoran Group. These include cities like Detroit and Memphis where they can obtain foreclosures or discounted property that ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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