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With the final few developments being sold, data has been revealed showing that over 30% of the apartment units in the One Hyde Park luxury complex were sold to buyers from Asia. Buyers ranged from countries such as China and Malaysia.
Each apartment cost between 7 million pounds (US$10.96 million) and 136 million pounds (US$213 million) each.
The large inflow of Chinese investment in London property can be largely attributed to the slow down of the Chinese market as well as a way for Chinese investors to diversify their portfolios. The UK property market is seen to be a safe and global investment, making it a worthwhile investment for Chinese.
Read more from this story on Reuters.
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