If you study the China real estate market (Evergrande), you know that usually the one requirement for marriage is to own property in China...To protect/secure the parents and grandparents in the country. Just wondering if much of this money that would have gone into this real estate market, has ended up in other markets...US, Europe, Australia, Canada?? If you have a cousin/friend, that can get money into the Hong Kong market, then around the world...is this happening? Where else would the family in China put the money, if not in real estate in China?? Thoughts...
No. The reason China real estate had been this strong is the concept that with the country with the world's highest population, housing demand is unsatiable. Housing price will continue to go up. Also, China has huge inflation problem and bank deposit is a losing cause. Stock market can't be trust. So real estate is the only place to park all the wealth. But with Chinese population starts to age, demand for housing starts to drop. Also real estate taxation is in the pipeline. All coming together. China has capital control. Probably none of the capital will flow out to HK or USA. Those days are over.
So how did this money get out of China??? Here is another interesting read!! We DO NOT know who is posting here... https://www.google.com/url?sa=t&rct...0_Cent_Party&usg=AOvVaw0twDNXYwLgKk4NqDT-GnoU
Real estate purchases ha been occurring all over the world for years. Vancouver, Canada and NYC r.e. have been recipients for decades. Vancouver is the highest priced market in Canada because of influx of Chinese money. In NYC Chinese buy apartments in the outer boroughs sight unseen from pamphlets.
Those were the past. Not now. I know some business executives. They say it is hard to send any money out of China now. There may be still some "dark" way. But nothing comes easy now.
Still own stock in Schwab. They have spent hundreds of millions of dollar trying to get into China (through Hong Kong). Take a look if you wish... https://www.google.com/url?sa=t&rct...hwab.com.hk/&usg=AOvVaw0M14OoLySYjY9c_EpOPFdY
%% Local home market has notable ,much more inventory , past 30 days come into market. Haven't really checked who is buying +selling Commercial RE = about the same......