New York City in the eyes of a typical Chinese buyer

"Prosperous", "fasion" and "dynamic" come to the mind of a typical Chinese buyer when talking about New York. The cold winter and high property price in New York can't stop the attractiveness and capital inflows to the city. Most Chinese people know the charm of New York, whether old or young, well educated or not. In this sense, investment in New York real estate becomes a trophy investment for Chinese buyers. Manhattan attracted $4.4 billion investment from China last year, a dramatic growth from $645 million in 2014. And 2016 sales is expected to grow further given the weak stock market performance in China. Many sophisticated Chinese buyers pursue a strategy of "Location, location and location", and they can find New York is one of the best locations in the world. Inman has more.