Top 3 US
Buyers from the Chinese mainland, Hong Kong and Taiwan purchased about a quarter of international sales of US properties, according to a report.
For the period April 2013 through March 2014, the estimated investment from the Chinese totaled $22 billion, with 76 percent of purchases in cash, said the report.
California, Washington, New York, Pennsylvania and Texas are top destinations for Chinese buyers.
Over the 12 months that ended in March 2014, the total sales volume to international clients in the US real estate sector was estimated at about $92.2 billion, a 35 percent increase from the previous period's level of $68.2 billion.
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A picture taken on Sep 19, 2009 shows the Statue of Liberty in New York, US. [Photo/IC] |
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