The Chinese building boom transformed the skylines of Beijing and Shanghai.
Now it is happening in Los Angeles. Witness the recent report in the "Los Angeles Times" about the unprecedented investment in high-priced real estate in Los Angeles.
Chinese developers are moving into Los Angeles on an unprecendented scale. These are megaprojects and they will change the landscape of downtown Los Angeles.
Many of the residential units are expected to sell to Chinese who want to invest in the perceived safety of overseas real estate, partly because they are worried about the slowing of the Chinese economy.
According to the report written by David Pierson, “The building boom is something of a showcase for Chinese real estate companies, which are willing to pay a premium to establish themselves as global brands.”
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Now it is happening in Los Angeles. Witness the recent report in the "Los Angeles Times" about the unprecedented investment in high-priced real estate in Los Angeles.
Chinese developers are moving into Los Angeles on an unprecendented scale. These are megaprojects and they will change the landscape of downtown Los Angeles.
Many of the residential units are expected to sell to Chinese who want to invest in the perceived safety of overseas real estate, partly because they are worried about the slowing of the Chinese economy.
According to the report written by David Pierson, “The building boom is something of a showcase for Chinese real estate companies, which are willing to pay a premium to establish themselves as global brands.”
Read More