Tuesday, March 15, 2016

Chinese developers muscling in to Bay Area housing market

The only U.S. metro area attracting more Chinese development dollars between 2013 and 2015 was New York and its boroughs, according to Jim Costello, a senior vice president with Real Capital Analytics.

Like all developers, they want large, liquid markets that offer a good return on investment. But "they also look at the local Chinese American community," Costello said. "Can they hire some local brokers with Chinese language skills who can go back and forth" between the U.S. and foreign partners "and even potentially Chinese buyers?"


No comments: