Selling upscale New York condos to China | CNBC Reports

Share
Embed
  • Loading...
  • Published on:  Wednesday, February 20, 2019
  • Chinese investors are the top foreign buyers of U.S. residential property, according to the National Association of Realtors. But how do these purchases happen? CNBC's Uptin Saiidi attends an event in Hong Kong focused on promoting and selling New York property.

    -----

    Subscribe to us on YouTube: http://cnb.cx/2wuoARM

    Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv

    Like our Facebook page:
    /cnbcinternational

    Follow us on Instagram:
    https://www.instagram.com/cnbcinternational/

    Follow us on Twitter:
    https://twitter.com/CNBCi
  • Source: https://youtu.be/CVGREo98lZ8
Loading...

Comment

  • armando perez

    armando perez

     2 months ago +2

    Vancouver housing affordibility is blown up by Chinese money

  • Hey, Good Mornoonevenight

    Hey, Good Mornoonevenight

     5 months ago

    These Chinese Mainlanders are are so gullible, still trusting White man for not having bad intentions:
    Yes, crowd these rich Chinese in one apartment location to spare a large portion the other rich racist White man from other condo having to mingle with the Chinese millionaires.
    Secondly, when it time of conflict between USA and China, it's easy for the American government to round them up in one quick swoop as a hostage in time of war.
    Thirdly, it is cheaper and more efficient for the American government to spy on all those rich Chinese family and collect useful blackmail data in the whole condo.

  • Grim

    Grim

     5 months ago

    This is an interesting side of investing and us real estate. Could you guys do a video on how people are affording million dollar condos? Organizations cover expensive luxury items because it brings attention but no one ever covers how the people can afford them.

  • D. A.

    D. A.

     5 months ago

    Bahaha with the SALT tax cap and current politics real estate in Manhattan has flatlined, even slightly decreased. If you want a good investment buy in Phoenix or Austin or Charlotte which is fast growing.

  • Manolo Blanco

    Manolo Blanco

     6 months ago +2

    " VENEZUELANS" incredible !!!

  • Soubhick Saha

    Soubhick Saha

     6 months ago +3

    I love these small informative videos, keep up the good work CNBC !

  • Lee Sugardaddy

    Lee Sugardaddy

     6 months ago +3

    Donald Trump was selling his apartments in China as well AND providing the buyers a green card
    but you better be careful
    some Chinese buyers were totally scummed by buying the apartments of millennium tower in San Francisco

  • Paul M

    Paul M

     6 months ago

    We give the Chinese paper (dollar) to buy the crap they produce that mostly ends up in the trash than they come over here and give us our worthless paper back in exchange for luxury properties. That makes allot of sense.

  • Hunter Phung

    Hunter Phung

     6 months ago

    I don't see any wrong with it. They buy a house not like they rob people. More money for US, more housing value.

  • No DAD Not Tonight

    No DAD Not Tonight

     6 months ago +2

    Crazy Rich Chinese

  • Zach Fox 狐智

    Zach Fox 狐智

     6 months ago +2

    please dont just say chinese when you talk about a language:)

  • Nova superb

    Nova superb

     7 months ago +2

    Most Americans got no money! Not sure why people want to become American

  • maplefreak64

    maplefreak64

     7 months ago

    30 years ago, Japanese bought many historical apartments and townhouse in New York. Empire State Building and Rockefeller Center weren't also an exception.
    But the American government made Japanese yen surrender by Plaza Accord. Donald Trump was aggressive by targeting China just now. Let's see what happens.

  • Jary Soto

    Jary Soto

     7 months ago

    Dud no its my home 😠😠😠

  • Chinese Goyim

    Chinese Goyim

     7 months ago

    Meh, we're everywhere.

  • CAL ADR

    CAL ADR

     7 months ago +2

    Foreigners should be banned from owning property in the United States.

  • Rajat M

    Rajat M

     7 months ago +2

    Equally Opportunity vs Not listing property in their own city.🤔

  • MultiVigarista

    MultiVigarista

     7 months ago +2

    Idiots, new york is one of the worst states to invest in property. They have super high property taxes and income tax. If the goal is just to get money out of china you would be better of investing in other states!

  • Avdesh Alvaraz

    Avdesh Alvaraz

     7 months ago +10

    China is communist evil country. People should invest all their money into India. India is more polite and very innocent country. People should not invest in china’s communist dictatorship.

  • niwad25

    niwad25

     7 months ago

    1.8m vs. 1.8m