Danny's Blog

China Invests Heavily in the U.S.

Thursday, September 1, 2016
Tags:   Danny Hertzberg

Because of reduced confidence in their native markets, Chinese investors are increasingly eyeing the United States real estate market, investing billions of dollars. During the first half of 2016, companies being financed by the Chinese accounted for more than $4 billion worth of U.S. real estate purchases, a nearly 20 percent year over year gain. If we take into account the $7.9 billion in unclosed contracts, Chinese investors have surged past the $14 billion spent last year in just six months.

These deals by the Chinese have involved some of the most feverishly discussed projects in the United States. In July, a group of Chinese firms spent just over $170 million for a massive 40+ acre strip of land in near the San Francisco Bay. Right here in Miami, a company called China City Construction Holding Group has big plans to develop a $1 billion mixed-use project in the Brickell area and a residential building in Miami Beach. The upcoming Central Park Tower is valued at a whopping $3 billion and will become the tallest residential building in the United States upon completion. The supertall commercial and residential project will be located in New York’s Midtown Manhattan.

This update is brought to you by Miami Beach Realtor Danny Hertzberg, specializing in Miami Beach waterfront homes as well as other Miami Beach listings throughout the barrier island. Contact Danny Hertzberg of The Jills, the number one team in the state of Florida by calling 305-505-1950 for information on properties throughout the barrier island.

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