US real estate gaining Chinese investment

Backlash received by Chinese investors from local homebuyers in Canada and Australia is prompting them to look for more options in the US real estate market. Chinese people hold the largest share of US mortgage bonds among foreign investors. It is expected that $218 billion will be spent by Chinese buyers in US real estate market in the next five years. While Canadian is the biggest investor for US commercial properties, Chinese is apparently the top buyer for US residential properties, with 20% annual growth rate since 2010, reaching $28.6 billion last year. Condo is the most favored type of property that Chinese investors like to fund for new development projects. Find more details here.