Chinese property investment to swell further

Chinese investors poured into the U.S. market in 2013, and that’s not likely to stop anytime soon, The Wall Street Journal reports.

Last year, Chinese investors made $7.6 billion in commercial property investments outside the mainland, many of them in the U.S., and this year that number is set to surpass $10 billion, according to one property consultancy.

Among other high-profile U.S. purchases last year, Chinese investors bought the Chase Manhattan Plaza in New York for $725 million and paid $1 billion for a piece of land in Los Angeles, WSJ said.

Source: The Wall Street Journal