Chinese money isn t going away anytime soon: experts American insiders and investors from China swapped advice at real estate forum
Prudence may be the greatest virtue when it comes to Chinese investments in 2016.
Despite volatility in Chinese markets and concerns about over-saturation in U.S. commercial real estate, bigwigs at the recent Asian Financial Society China-U.S. real estate investment forum argued that Chinese money won’t be exiting the American arena anytime soon.
“There are both opportunities and challenges in the U.S. real estate market today,” said keynote speaker Sh爱上海同城手机版 anqing Zhou, who works as a commercial counselor for the Chinese consulate in New York. “爱上海龙凤419桑拿 The Gilded Age has just begun — but we should bear the risks in mind.”
In 2015, Chinese money accounted for $14 billion in American real estate deals, CCP Holdings partner Michael Pralle cited in the opening remarks. And according to Real Capital Analytics, 2016 could see as much as $21 billion from Chinese investors if the current pace continues. Zhou attributed the recent surge to the loosening of Chinese regulations in the past few years as well as President Obama’s December move to w爱上海 aive taxes imposed on foreign pension funds under FIRPTA.
As luxury absorption has slowed and a surplus of residential units now accumulates in New York, however, projects and such international partnerships may be harder to pursue.
“There are certainly a lot of new hotels, new condo plans — they will not all ge[……]