Chinese buyers most attracted to $10 million-plus Los Angeles homes

Malibu and Beverly Hills appear to be attractive submarkets
  • More brokerages are teaming with Juwai.
  • Privacy is key to Chinese buyers.
  • Los Angeles was the top market recently searched by Chinese buyers.

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Recent comments and actions from one luxury brokerage suggests Los Angeles homes priced above $10 million should continue to be pursued by Chinese buyers this year. Prominent luxury brokerage John Aaroe Group recently teamed with China's largest online property search engine Juwai to better propose deals to Chinese investors. Where else will global luxury buyers be looking? Find out at Global Connect, April 6-7, 2016. Register for Global Connect One broker with the firm, Aaron Kirman, recently told Caixin Media, a Beijing-based media group, that he has received a number of detailed inquiries from Chinese buyers for his listings priced between $15 million and $135 million. The majority of these high-priced homes are located in either Beverly Hills or Malibu. According to Kirman, Chinese buyers want privacy, a view, supporting facilities and architectural beauty. One reason they're attracted to L.A.: An investment in a home has "long-term security." An international...