Date
17 October 2017

Mainlanders top buyers of new homes worldwide, report says

Chinese have emerged as the top buyers of new residential properties in prime markets overseas, helped by a strong yuan, Shanghai Daily reported Wednesday, citing a report from global property consultant Knight Frank. Buyers from the Chinese mainland are the top purchasers of newly built residential properties in Sydney and Hong Kong and are active in Kuala Lumpur and Bangkok, Knight Frank was quoted as saying in its latest global development insight, which covers the buying habits of high net worth individuals globally. The Chinese mainlanders are followed by Singaporean, Russian, UK and US investors, the report said.

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