Chinese real-estate investors, facing pressure from Beijing, are reversing a yearslong buying spree in the U.S. where they often paid record prices for marquee properties like New York’s Waldorf Astoria hotel. Chinese insurers, conglomerates, and other investors have turned net sellers of U.S. commercial real estate for the first time in a decade. They have spent tens of billions of dollars to acquire hotels, office buildings, and vast swaths of empty land to build residential towers. ...
Chinese investors were net sellers of US commercial property worth $1.16bn in Q2 2018 ending a decade-long buying spree during which they often paid record prices to acquire marquee properties. The report also found that the number of residential properties sold by foreign buyers fell for the first time since Q1 2016 and was down from an average of about 10,000 units per month last year.