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Chinese developers take Chinese buyers overseas
By Juwai, 04 September 2013
Chinese real estate developers believe that one out of 10 of their high-end customers want to buy property abroad, says the Wall Street Journal.
That's why so many of them are buying sites and starting construction on buildings in overseas markets.
They believe they can sell their apartments in San Francisco, Sydney, Malaysia and other countries to their Chinese customers back in Shanghai, Beijing or one of China's dozens of big cities.
This year, developers will spend 30% buying up sites overseas.
That's a repeat of their growth in investment last year.
Read the full story on The Wall Street Journal.
[Image source: The River Condominium in Bangkok by Raimon Land on Juwai.com and theriverbangkok.com]
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