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Rich Chinese investors snapping up luxury homes from Singapore to Sydney
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A gradual easing of virus restrictions is making it easier for wealthy Chinese to view properties and complete purchases.
ST PHOTO: KUA CHEE SIONG
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SYDNEY (BLOOMBERG) - Rich Chinese investors are finding luxury real estate is a good hiding place from the economic fallout of the coronavirus.
Across China and in some of their familiar hunting grounds in Asia, wealthy buyers are snapping up top-end housing, in many cases to guard their wealth against anticipated inflation and a weakening yuan. The rush to add real estate has led to a jump in upmarket housing prices in China, while offering some support for Asian property markets hit hard by the pandemic.
