Offshore Chinese investments surge spilling over into 2016

The appetite of mainland Chinese people to make offshore real estate purchase continues to be strong throughout 2015 and coming into 2016. Besides immigration, education and diversification reasons, concerns about air pollution is clearly a reason for the trend, according to a survey conducted by East-West Property Advisors in the first half of December. The total investment in overseas real estate by Chinese people in the first 11 months of this year has reached $28.3 billion, around 87 percent increase compared to the total $15.1 billion amount in the whole 2014. US real estate market continues to attract big capital inflows, given the strong US dollar anticipation against RMB, good US economic outlook, the recent ease of real estate tax on foreign investors and the popularity of EB-5 immigration program. South China Morning Post has the full story here.