Rich Chinese Snapping up Luxury Homes From Singapore to Sydney
- Asia gateway cities see rising demand while Hong Kong slows
- High-end buyers boost prices in China, temper declines in Asia
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Rich Chinese home buyers are back.
Across China and in some of their familiar hunting grounds in Asia, wealthy buyers are snapping up luxury housing, in many cases to guard their wealth against anticipated inflation and a weakening yuan. The rush to add real estate has led to a jump in upmarket housing prices in China, while offering some support for Asian property markets hit hard by the pandemic.