Mainland Chinese buyers’ acquisition of US property plunged by about two-thirds in the first half of the year because of disruption to investment activity caused by the coronavirus pandemic and escalating tension between China and the US, according to Knight Frank.The sales volume of US property valued at not less than US$2.5 million bought with Chinese capital plunged by 68.1 per cent year on year in the first six months to US$314 million, data from the real estate consultancy showed…
Source : South China Morning Post
Read more…Chinese purchases of US property slump amid Covid-19 pandemic, with rising political tension set to damp sentiment further















