Monday, November 15, 2010

Chinese Buyers are 20% of Sydney Residential Sales

Chinese buyers represent 20% of Sydney Residential Sales, up from 14% in 2009. 35% of Hong Kong sales up from 30%.

China towns (Financial Times)
Some 475,000 Chinese have assets of $1m or more, according to the wealth management strategy firm Scorpio Partnership.
Beijing limits its citizens to taking $50,000 out of the country each year, but many thousands of Chinese quietly skirt round these capital controls.

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