econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 08 November 2015

Manhattan Leads US Real Estate Market in Attracting Additional Chinese Investors

Written by , GEI Associate

In the past year, Chinese investors have injected almost $6 billion capital in U.S. real estate market, $4.5 billion of which was in Manhattan. It is almost triple compared with the number in the whole year of 2014. Chinese buyers, which include not only businesses but also wealthy individuals; have presented ever increasing interest in NYC real estate. In the meanwhile, U.S. property developers are also more willing to market their construction projects to Asian buyers, with Chinese doubtlessly the largest target audience among them.

As a result of the higher interest and demand in US real estate market, U.S. real estate prices have risen significantly in recent several years. Particularly, Manhattan real estate prices present continuously saw increases in these years, reaching an increase rate of 18% in 2015, which is the highest for last 26 years.

Even with such a rapid increase, Chinese buyers still keep unabated a rising passion in U.S. real estate investment, which is expected to be maintained incoming years.

On one hand, rents have grown right along with the rapid increase of real estate prices. In 2015, Manhattan median rents rose by 9.5% to a record high of $3,339 (average per month), which is the fastest pace since 2008. As the world financial center, New York City has been considered as the most unaffordable city to live in U.S.. But the higher rents do produce a steady growth of income for investors.

On the other hand, U.S. real estate is widely known as a stable return investment to Chinese investors. Due to China is still experiencing a period of economic reform, which may have to encounter slower economic growth currently, investing idle capital in U.S. real estate market becomes the best and the most popular strategy for Chinese.

At the same time, U.S. developers also realized the giant business opportunities internationally. Chinese are undoubtedly the largest potential customer group to them. Gary Barnett, the developer who sold New York's most expensive apartment, has started to market his newest and largest Manhattan condo project to Asian buyers first; Extell also plans to market and sell their "One Manhattan Square" project by holding exhibitions in Shanghai, Hong Kong, Beijing in next month.

It is worth mentioning that they are just some of the numerous largest property developers who decided to market their projects internationally and consider Chinese as their target clients in recent years. It is obviously to see the high attention that US developers pay to Chinese investors.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.





Econintersect Contributors


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Big Mess in Italy
Are You Feeling the Economic Surge?
News Blog
This Truck's Barrier Expands Out Of The Back For A Quarter Mile
October 2016 Manufacturing New Orders Improved
3Q2016 (Final): Headline Productivity Improves
October 2016 Trade Data Mixed
October 2016 CoreLogic Home Prices Year-over-Year Growth Rate Now Improved to 6.7%.
Taiwan, Trump And A Telephone: How A Simple Act Called Out A Contradiction In U.S. Diplomacy
Infographic Of The Day: A Beginner's Guide To Encryption
Early Headlines: Asia Stocks Up, Oil Down, GOP Healthcare, Trump Not Reagan Redux, EU Ending?, UK Lost Decade, Putin Taking Over Mid-East, Yuan 'Flash' Crash And More
December 5, 2016 Weather and Climate Report - December Update - Zonal Prevails
Irish Births And Baptisms Visualised
What Happens In The Smartphone Afterlife
Water Intoxication: Are We Drowning In Advice To Drink More Fluids?
The Worldwide Virtual Reality Market Is Set To Be Huge
Investing Blog
Momentum Issues A Warning
The Great Bond Crash Of 2016: 05 December Update
Opinion Blog
The Shale-War Is Over
Fake Science
Precious Metals Blog
Silver Prices Rebounded Today: Where They Are Headed
Live Markets
06Dec2016 Market Close: Wall Street Closed Higher, Commodities Remain Weak, The Bull Marches On
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government



Crowdfunding ....






























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved