US developer sees increased demand among rich Chinese

David R. Weinreb, CEO of Howard Hughes, expressed his views about the investment demand of Chinese people in the US real estate market. Howard Hughes is a major US real estate player listed in the New York Stock Exchange. David is seeing the US real estate has become a more desired asset class especially for Chinese people. Firstly, it is because of the volatility of global economy; secondly, the US economy has recovered and been growing in most sectors. For Chinese people, the attractiveness of US property compared to other international markets ties to market stability, education for children, and lifestyles of a better environment. For these reasons, he views China as a key market for foreign investment in Ward Village. ShanghaiDaily has the full article.