You've successfully copied this link.
A second home for affluent Chinese
The boxy glass 15 Union Square West appeals to Chinese buyers, brokers say. (Marilynn K. Yee/The New York Times)
Wealthy buyers from mainland China, a rapidly expanding economy of 1.3 billion people, are increasingly turning to Manhattan for their luxury real estate purchases, brokers say. Claire Wilson reports for The New York Times. August 12, 2011 -- In about two years, what was at first a trickle of inquiries has grown to a stream of freshly minted high-net-worth Chinese businesspeople hunting for condominiums for $500,000 to $10 million and up. The average purchase is a one-bedroom apartment for about $1.45 million, said Pamela Liebman, the chief executive of the Corcoran Group.
Liked this article? Sign up for free to get Juwai Juwai Asia Market updates!
Resources
Contact Us
- Shanghai: +86 (021) 33629868
- Hong Kong: +852 5804 4670
Our Property Marketplaces
Juwai.com >
Global property portal available in Chinese
Juwai.asia >
Asia wide portal for global real estate
Juwai News
Subscribe to receive the latest news on Asian buyers, the Asia market, and Juwai.
2024 © Juwai. All Rights Reserved Privacy Policy | Terms of Service
