China Still Has a Treasure Chest of Overseas Real Estate to Sell
- Prized assets include New York’s 245 Park Ave, Waldorf Astoria
- Real estate sales more than doubled to $12 billion in 2018
The Waldorf Astoria
Photographer: Spencer Platt/Getty Images
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China’s biggest-ever overseas property buying spree reversed course in dramatic fashion in 2018. But even after the record unwinding, many lucrative real estate assets remain in Chinese hands.
They include the 245 Park Ave skyscraper in Manhattan, New York’s famed Waldorf Astoria Hotel and Chicago’s Vista Tower, under construction but envisaged as one of the city’s tallest buildings.