Chinese have been buying New York’s 57th Street with 41 transactions averaging US$38.5 million each

Chinese buyers can spend a lot of money when they purchase real estate. For example, Chinese have been buying New York’s 57th Street with 41 transactions averaging US$38.5 million each!  Similar situation in Hong Kong where Chinese buyers have been buying homes at one of the most prestigious addresses at an average price of US$81.8 million each.

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