Property News · December 4, 2019

Uncertainty caused by Hong Kong Human Rights and Democracy Act likely to dent surging Chinese demand for New York property, say agents


An upswing in mainland Chinese demand for property in New York City could soon be dampened by new legislation in Washington that supports Hong Kong’s protest movement and strains already frayed relations between the world’s two biggest economies, say analysts. Demand for property in the Big Apple from mainland China has increased between 15 and 20 per cent since the summer, according to Christie’s International Real Estate (CIRE). That has been driven by a sense among investors that New York…

Source : South China Morning Post
Read more…Uncertainty caused by Hong Kong Human Rights and Democracy Act likely to dent surging Chinese demand for New York property, say agents

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