Curbs give a fillip to overseas realty buys
By Karen Yip | China Daily | Updated: 2010-04-27 08:04
|
A sales broker at a real estate agent replaces a property advertisement in the company's window display in London. The strengthening of the yuan against major currencies in the past two years has meant Chinese buyers can acquire real estate assets abroad at a bargain. Chris Ratcliffe/Bloomberg |
BEIJING - Ask self-made millionaire Calvin Wang Fu what he's buying at the moment and his answer would certainly be property, property and property. "I wanted to purchase the whole block of apartments but because two units were already sold to different owners, I bought five units instead."
Photo
