Chinese international property buyers are turning towards cheaper markets abroad like Thailand and Texas, reports Financial Times (24 July 2017). According to, China's largest real estate portal, US$101.4 billion in Chinese money flowed into offshore real estate last year, up 26.8 percent on 2015. As Chinese investors search for cheaper destinations in the wake of tighter capital controls, Panama has emerged on their radar as a fresh alternative investment destination. According to Panama-based broker and Juwai customer Miguel Montenegro, he has seen a 10-percent surge in Chinese buyers after Beijing re-established diplomatic ties with Panama City in June 2017. [This article is available to subscribers only.]