SUBSCRIBERS

Cash-rich Chinese opt for Seattle, Toronto homes after Vancouver slaps 15% housing tax

Published Tue, Dec 6, 2016 · 09:50 PM

Toronto

JUST a few days after Vancouver announced a tax on foreign property investors, Seattle real estate broker Lili Shang received a WeChat message from a wealthy Chinese businessman who wanted to sell a home in Canada and buy in her area.

After a week of showings, he purchased a US$1 million property in Bellevue, across Lake Washington from Seattle. He soon returned to buy two more, including a US$2.2 million house in Clyde Hill, paid for with a single cashier's cheque.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Property

Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Singapore’s private home prices up 1.4% in Q1, rents drop by 1.9%: URA
OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2
Singapore office rents in central region fall 1.7 per cent in Q1 over Q4: URA

Property

Property

Cash-rich Chinese opt for Seattle, Toronto homes after Vancouver slaps 15% housing tax

Property

Country Garden plans to present debt revamp plan in H2, sources say

Hong Kong home prices rise for first time in 11 months after curbs scrapped

HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand

Singapore’s private home prices up 1.4% in Q1, rents drop by 1.9%: URA

OUE wins tender to lease, develop new ‘zero-energy’ hotel at Changi Airport’s T2

Singapore office rents in central region fall 1.7 per cent in Q1 over Q4: URA

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT