"'There’s just a bigger appetite for the U.S., and New York in particular,' said Andrew Taylor, a founder and co-chief executive of Juwai in Hong Kong. 'And what’s changing is that they’re now looking for lower-priced properties instead of just searching for the ultra-luxury homes. People are looking for yield, and they want to diversify out of China. It’s not just the wealthy who are buying: The upper-middle-class are searching for properties under US$1.1 million and the real sweet spot is under US$750,000.'"