Chinese buyers look closer to home, but maybe not HK
American politics and a stable yuan may discourage some from parking money in US property.
Bloomberg reported Sunday that Chinese property investors have fewer reasons to buy in the US, with expectations that the yuan will remain stable. Andrew Haskins, executive director of Asia research and advisory services at Colliers International, expects that Chinese investors will shift attention to Asia, but did not specify which countries. He added that concern about protectionist policies will only add to a cooling of interest in the US. Hong Kong will likely not benefit from the shift, however, due to the HK dollar’s pegging to the US dollar.