According to a new report from the New York Times this past week, Chinese banks are behind some major deals in the luxury real estate sector in New York City; contributing over one billion dollars in loans last year alone. These investors mean business and they’re working throughout Manhattan, Brooklyn, and beyond.
According to The Observer, “Mr. Hu represents the Chinese investors who have beat a steady march to iconic New York properties recently.”
But you won’t see much about Chinese investors in the media. They are strictly business. Managing director of Real Capital Analytics, Dan Fasulo states “It’s truly amazing how much they’ve been able to do without being highlighted in public.”
China has always moved forward in industry throughout the world; so it’s no surprise that they are now seeking opportunities right here in the city. The business people who are working on these projects are planning their moves carefully.
And the money Chinese executives are pouring in doesn’t stop at just real estate. It has also moved into construction, including projects like “the Tappan Zee and Alexander Hamilton Bridges, the No. 7 subway line extension and the $91 million Metro-North Railroad station at Yankee Stadium”.
It will be interesting to see the reaches of Chinese investment into the New York City landscape as time moves forward. If you have questions about leasing a condo; why not give us a call at 1-877-852-6636 or visit our website? A representative would be happy to help you with all your needs today!