New York bore the brunt of the decline in Chinese real estate investment, followed by Los Angeles and Chicago. Photo: Getty Images via AFP New York bore the brunt of the decline in Chinese real estate investment, followed by Los Angeles and Chicago. Photo: Getty Images via AFP
New York bore the brunt of the decline in Chinese real estate investment, followed by Los Angeles and Chicago. Photo: Getty Images via AFP

Chinese purchases of US property slump amid Covid-19 pandemic, with rising political tension set to damp sentiment further

  • Chinese purchases of US property priced at US$2.5 million and above sink by about two-thirds through June due to pandemic, political tension
  • Mainlanders’ acquisition of residential real estate will decline by as much as 50 per cent for the whole year, Knight Frank analyst predicts

Topic |   Coronavirus pandemic
New York bore the brunt of the decline in Chinese real estate investment, followed by Los Angeles and Chicago. Photo: Getty Images via AFP New York bore the brunt of the decline in Chinese real estate investment, followed by Los Angeles and Chicago. Photo: Getty Images via AFP
New York bore the brunt of the decline in Chinese real estate investment, followed by Los Angeles and Chicago. Photo: Getty Images via AFP
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