First Manhattan condo tower built by Chinese developer

2015-06-21
New York

Chinese developers active in the US real estate marketChinese developers have been in the news for the last few years as becoming very active in the US real estate market.  Their interest in expanding into the US has been rising rapidly - partly because the local China real estate market is having challenges and partly because the demand of Chinese citizens looking to buy houses in the US is skyrocketing.  The following article describes how the first Chinese developer is constructing a residential condo tower all by itself.  Traditionally, Chinese developers have used joint ventures with local firms in the US to do this.  This is a next step in the wave of Chinese coming to the US to develop and buy houses in America.  Read the full article here

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