Chinese companies look to invest in American real estate

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This article is called Chinese companies look to invest in American real estate. It was posted and appeared on the Marketplace world website. It was published on Monday, February 16, 2015.  This article discusses about how Chinese companies have shipped manufacturing goods to all over the world for years and with the amount of money they have which is a big cash reserve. Now, they are looking into investing that money in real estate in big cities in the United States like New York. For example, a $250 million condominium called Oosten which is under construction in Brooklyn, New York. This condominium is already being bought by people like Wenzhou Xie who is Chinese, living in China. Xie is a mining executive in Hong Kong.  Xie is not planning to live in this apartment but he expects to collect about $3,000 rent each year. He thinks “foreign property is considered to be one part of a balanced portfolio”.
 
Reference:
Marritz, I. (2015). Chinese companies look to invest in American real estate. Retrieved from Marketplace World: http://www.marketplace.org/topics/world/chinese-companies-look-invest-american-real-estate
 
 
 
 
 
 

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