Chinese direct investment in US real estate was negligible until 2010. It has since then grown dramatically and visibly. In 2015, China ranked as top foreign buyer of residential real estate in the US, and ranked third in US commercial real estate acquisition volume.
Chinese developers are building multibillion-dollar projects in major cities. A Chinese insurance firm in 2015 bought the prized Waldorf Astoria hotel in New York City and struck a $6.5 billion deal for Strategic Hotels & Resorts in early 2016. Chinese investors dominate an immigrant investor program known as EB-5.
This anecdotal portrait reveals the rapid and widespread entry of Chinese investors, as firms and individuals, into the US real estate market, but it also underscores how real estate differs from other investment sectors.
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(Picture credit: mystock118)
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