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Become the “new favorite” of Chinese investors. According to CNBC, Fauci, chief executive of US real estate brokerage firm OneWorld properties, said Chinese investors are now more inclined to “cheaper” real estate investment destinations. Miami is cheaper than cities such as New York, San Francisco and Seattle and has become the latest long-term capital destination for Chinese real estate investors.
The rapid development of projects in Miami in recent days has also attracted demand from Chinese investors. Swire Properties, a Hong Kong developer, is developing a comprehensive development called Brickell City Centre in Miami, which will include luxury apartments, office buildings, hotels and shopping malls. However, Fauci believes that Miami’s real estate market is still in the growth stage, not only there are great growth opportunities in the future, and the real estate market is not a short-term investment project, long-term capital investment is conducive to Miami’s development. Collier International mentioned in the report that following the tightening of capital controls by the Chinese government in November, the popularity of Chinese capital investment in real estate outside Asia has declined, but investment in the region remains high.
Xia Sijian, executive director of Collier International Asia Research and Consulting Services, analyzed that the trend of the transfer of China’s overseas real estate investment from the United States to the Asian market this year will continue. He believes that Hong Kong is expected to overtake New York as the primary real estate investment destination for Chinese capital this year.
