Chinese rush to buy US land
Updated: 2011-07-28 17:25
By Ben Yue (chinadaily.com.cn)
One Chinese office worker paid $8,800 through an online auction by chance and bought 1,000 square meters of land in Miami of US, the Guangzhou Daily reported on Wednesday.
The Florida-based seller, United Solutions of American LLC, said the land belonged to a company near bankruptcy.
Zhuang Nuo, the auction host from Chinese property agency Soufun International, said the land seller also put 100 pieces of 1,000 sq m land up for auction and will offer 30 US investment immigration application forms for the Chinese group buyers who spend more than $200,000.
The 100 pieces of land sold out on July 22 from 73 Chinese buyers. One of them bought 20 pieces.