Chinese investment in US residential real estate hit a record high US$31.7 billion in 2016, reports South China Morning Post (19 July 2017). The figure comes from a recent report from the National Association of Realtors (NAR), which also unveiled that 67 percent of Chinese purchases were detached single-family homes, and that 65 percent of Chinese buyers paid in all-cash. According to Sue Jong, COO of Juwai.com, a property portal from mainland China, international real estate investment this year would be down at least 10 percent from 2016. “Chinese buyers trust the American market and believe it is a long-term safe bet. Despite a likely drop this year, investment levels are still in the foothills, but expect higher peaks ahead,” added Jong.
