Property News · September 19, 2017

Chinese parents splash out on US properties to pay for children’s college education


With almost 40,000 Chinese students studying in the US, their parents are investing in US property markets in the hope that the returns would cover the cost of tuition fees, and in the process making Chinese the top buyers of American real estate.
Despite a recent clampdown on overseas property investment by the Chinese government in its fight against potentially damaging capital outflows, buyers from mainland China as well as Taiwan, Macau and Hong Kong have splurged US$31.7 billion on…

Source : South China Morning Post
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