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Xinyuan Real Estate Co., Ltd. Message Board

  • infn444 infn444 Mar 27, 2013 1:26 PM Flag

    Chinese flocking to NY

    New immigrants help boost the local housing market. In the past two to three years, luxury condominiums have proven popular among Chinese buyers, Liu said, citing as an example the two-year-old, 448-unit Sky View Parc complex.
    "After Sky View Parc changed its main target buyers to Chinese in May 2011, sales increased dramatically," said Liu.

    About 90 percent of the residents in Sky View Parc's twin 17-story towers are Chinese, the broker said, adding: "One of my clients bought three units in 2011."
    Flushing has also found fans among those who live in China and want to invest in the United States.
    Joan Brothers, president of Manhattan Global Properties, said at a trade show in China earlier this year that her New York real estate firm found attendees highly receptive to a presentation on Sky View Parc.

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