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Miami looks to China to sustain real estate growth

Chinese buyers make up less than 5% of total but it is growing

Miami

MIAMI has a Little Havana and Little Haiti, a neighbourhood known as Westonzuela and even the Venetian Islands. What it doesn't have is a Chinatown.

Li Shan-Jie wants to do something about it. The developer from the city of Linyi in China's wintry north-east aims to make Florida's most populous metropolitan area, with its clean beaches and tropical climate, a destination for Chinese property investors.

"We are focused on bringing to Miami the new wave of Chinese who are wealthy and educated," Mr Li said in a phone interview via a translator. "The environment in Miami makes for a very suitable lifestyle. Playing golf and going to the beach are huge attractions."

While Miami's rebound from the...

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