California Luxury Properties: Chinese Buyers in California

Chinese buyers represent the second largest group in California, according to statistics from The Wall Street Journal.  This is mostly based on purchases in the San Francisco and Los Angeles areas, particularly East Los Angeles and the San Gabriel Valley.  Chinese buyers are pouring billions into residential properties nationwide, however, and developers are courting them with everything from Feng Shui to lucky numbers such as eight, which is similar to the word that means ‘prosper’ or ‘wealth.’

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