Stat of the day: 11% or $9 billion

Chinese purchases of US real estate accounted for 11% of all foreign purchases or some $9 billion worth of real estate last year.  If you are a real estate agent or home owner, you may be able to cater to new clients, especially at the top end.  See Chapter 4 as well.

You can read more at Woman Buys US 65m Manhattan Apartment for Two Year Old Daughter from SCMP.  And you can also watch a CCTV video about it over at Sina: 视频:中国妈妈为2岁女儿买650万美元豪宅 (English-speaking is in the middle of the segment).

Via Sinocism and Shanghaiist

 

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