Affluent Chinese Buyers Drive Up Real Estate Prices

Close to 60% of high-net-worth Chinese buyers, people with more than 10 million yuan ($1.7 million) have left China or are considering leaving.  Number of Chinese buyers leaving Mainland increasing According to the report by Bain & Company, China Private Wealth Report 2013, the number of Chinese buyers leaving the mainland is up nearly 50% from two years ago and more than half of those without investments off the mainland planned on establishing such investments in the next year. “Compared with 2009 and 2011, China’s HNWIs have more complicated demands for investment and wealth management, stronger awareness of mid- and…