Chinese investors are not only investing in condos in Manhattan, but also acquiring land in Texas. One out of fourteen buyers for US properties that are priced over $1 million are Chinese people. And they are even more dominant in luxury properties in San Francisco, Orange County or Manhattan with over 50% market share. Look at the stunning purchasing power of Chinese buyers - they spend an average of $831,800 for US real estate while Canadians, the second largest foreign buyers of the US real estate, spend an average of $380,800 and Americans spend even less with an average of $250,000 on real estate. A total of $28.6 billion was poured to the US properties by Chinese buyers last year, and 65% of the purchases are completed in cash. There're multiple reasons behind the capital flow from China. Realty Today has the full article.