RSS Feed

1/02/2015

Topic Reading-Vol.996-1/2/2015

Dear MEL School’s Topic Readers,
China's wealth finds home in Washington state
Isn’t mainland large enough for rich Chinese? While anti-corruption campaign is looking into people in mainland China, Chinese money is flooding into West coast in the US. They’ve been known for big real estate buyers for years creating China towns all over the places. Business money has been invested in prominent properties like Waldorf Astoria in New York so has been the private money in West coast for residential homes especially in the state of California and Washington where they can reach non-stop from major cities in China. The average purchase price is approximately a half million dollars, nearly twice as much as the state average in Washington.
Why are they buying houses in America? Some of them buy a house for their children to study there. It sounds like a bold and sound investment in education and real estate, doesn’t it?
Enjoy reading and learning about where and how wealthy Chinese are investing their money.

No comments:

Post a Comment