Wealthy Chinese Buy Pricey Homes in NY, BC, Fiji | Mingtiandi: "Purchases of ultra-high end homes by cashed up Chinese buyers has continued during March, with wealthy buyers from the Middle Kingdom picking up private islands in Fiji and Canada, as well as paying $70 million for a Manhattan apartment and $40 million for a Vancouver mansion.
The splurge on luxury real estate comes as China’s newly wealthy population looks for places to park their cash in the face of a slowing economy at home. Although many observers assert that China’s recent crackdown on corruption is also spurring interest in establishing residences outside the country."
'via Blog this'
The splurge on luxury real estate comes as China’s newly wealthy population looks for places to park their cash in the face of a slowing economy at home. Although many observers assert that China’s recent crackdown on corruption is also spurring interest in establishing residences outside the country."
'via Blog this'
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