Interviewed by SCMP in Chinese Investors Target Property Assets Abroad

Chinese investors target property assets abroad

Trend in Chinese buying overseas property growing amid slump in domestic market, with investment in real estate soaring to US$15 billion

Peggy Sito

Some years after buying a flat in Guangzhou, mainlander Moon Wong made his first overseas investment this year, paying A$700,000 (HK$4.4 million) for a 900 square foot apartment in Sydney.

"There's a growing trend among mainland individuals buying overseas properties. I am only following the trend," said Wong, who works for a property agency in Guangzhou.

Manhattan Property Attracts Buyers from Hong Kong and China

Cover Story:  Manhattan Property Attracts Investors From Hong Kong and Mainland China
Hong Kong and mainland investors see the Big Apple as a less risky place to buy

Wednesday, 29 August, 2012, 12:00am

Peggy Sito

Hong Kong resident Jacky Yeung is going to complete the purchase of two Manhattan flats in one go.

Like many buyers of New York property, the purchases were made, he said, based on the drawcard of the city's status as an international financial centre.