Foreign buyers are betting big on NYC

It is becoming clear that Chinese buyers are back in New York City.  This became obvious when the buyer behind the $157 million apartment was in 220 Central Park South, a prime real estate location in Manhattan.  Many Chinese believe that NYC real estate will always go up in the long term because of it being the number one financial services mecca in the world, its vast set of companies and jobs the city, its thriving arts and cultural scene and so many other reasons.

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