Chinese companies were paying record-breaking sums for Manhattan trophy buildings not too long ago. They have since retreated from the city’s property scene, largely due to issues within their own country. The Chinese government imposed strict controls to limit overseas property deals amid concerns about a slowdown in the country’s own economy, according to the Financial Times. This has affected not only the New York market but also cities like London and Vancouver. A recent […]
source https://therealdeal.com/2019/06/27/heres-how-chinese-real-estate-investors-and-nyc-broke-up/
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