Chinese developers muscling in to Bay Area housing market

Chinese home buyers are not the only investors from China who pour money into real estate market of Bay Area. Chinese developers and investors are very important sources of Chinese capital to the US real estate market as well, especially for large US new contruction projects. Landsea Holdings made the latest deal in Febrary by paying $186 million for a Sunnyvale townhomes project. Landsea expects that 30 percent of the townhomes will be sold to Chinese people.  Landsea Green Properties, Landsea Holdings' parent company, is one of China's biggest developers which started its expansion into overseas market in 2012. Landmark Tower in Milpitas, which is being developed by Singpoli Capital Corp. is another example of Chinese developer expanding into the US. The main reason for these developers are diversifying outside of the overheating Chinese real estate market. Read more here.