Dive summary:
- Chinese development companies want to draw new investors and sell to new customers.
- In order to do so, Chinese firms are expanding their overseas activity and targeting Chinese investors and buyers.
- In a twist of fate, however, Chinese buyers often prefer a local developer within the U.S. to a Chinese one unless the Chinese firm has proven it can deliver quality, favorable mortgage conditions or allow the buyer to pay in yuan.
From the article:
Chinese property deals abroad rose sharply last year to $1.86 billion from $547 million in 2011 and $90 million in 2010, according to data from Dealogic. ...
