Chinese eye on New York properties for sale
The city of New York is emerging as the most attractive real estate investment option for
international real estate buyers. The real estate buyers from China (Beijing) based
firms are planning for some pre-holiday...
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Chinese eye on New York properties for sale
The city of New York is emerging as the most attractive real estate investment option for
international real estate buyers. The real estate buyers from China (Beijing) based
firms are planning for some pre-holiday shopping in New York City. High on the wish list are
development sites in which one of the Beijing based firm proposing to spend as much as
$100 million in coming weeks. This firm plans to break ground before the end of the year on
the site in Williamsburg that it invested in 2012 for $54 million. At that site, 421 Kent St.
the firm is proposing to build nearly 500,000 square foot of residential complex with 216
condominium apartments, a park like courtyard, an indoor lap pool and a 103 car private
garage.
There is now growing number of Chinese based real estate developers and investment firms
that are expecting to reap rich benefits by investing in real estate NYC for a long period.
The activity on behalf of Chinese buyers is being
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