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Rich Chinese buying property overseas draw resentment from locals

Posted on 30 January 2013

Property investments in Britain, the US, Canada, Australia and Singapore pay off for Chinese buyers, but locals are apparently growing increasingly impatient and unhappy. The number of wealthy Chinese investing in overseas property markets rose sharply after 2008, a time when many countries were hit with a housing market crisis, according to the report.
Seeking a high return for their cash, those investors favour countries including Britian, Canada, the United States, Australia and Singapore. The investment has been more than satisfactory for them:……………………………………….Full Article: Source


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