Selling upscale New York condos to China | CNBC Reports

Chinese investors are the top foreign buyers of U.S. residential property, according to the National Association of Realtors. But how do these purchases happen? CNBC's Uptin Saiidi attends an event in Hong Kong focused on promoting and selling New York property.

-----

Like our Facebook page:

Follow us on Instagram:

Follow us on Twitter:

[detailsmove]

Had no idea about China's limit; 50k is nothing for the rich

[Quantum]

These are some the people responsible for sky rocketing the prices of homes while average Americans suffering wage stagnation found it harder and harder to live own and survive... great

[Notsovegan]

I love these small informative videos, keep up the good work CNBC !

[heymikey]

Move to Houston or Atlanta. Those cities are so ugly and so suburban, the global urban elite would never think of stepping foot in them.

[ijulesy]

The housing bubble is being inflated again.... not good.

[Atem_S.]

Blocking them for buying your top real estate when your own can't is kinda stupid in a way but at the same time, it's to control the prices!! 50K is nothing!!

[oghuvwublessing]

JESUS CHRIST IS GOD. Repent for the Kingdom of GOD is coming soon. #JESUSCHRISTISGOD #JESUSCHRISTISLORDOFALL

[armandoperez-dddw]

Vancouver housing affordibility is blown up by Chinese money

[MyEndson]

they sell properties in NY to people who never been to NY? really?

[JusdoinstuF]

This is an interesting side of investing and us real estate. Could you guys do a video on how people are affording million dollar condos? Organizations cover expensive luxury items because it brings attention but no one ever covers how the people can afford them.

[craumm]

Equally Opportunity vs Not listing property in their own city.🤔

[hacker]

3:03 hahah, USD is safe haven currency with increasing Fed rates. I wonder what kind of people trust their money to them??

[danielabramrhodeisland]

Bahaha with the SALT tax cap and current politics real estate in Manhattan has flatlined, even slightly decreased. If you want a good investment buy in Phoenix or Austin or Charlotte which is fast growing.

[zachfox]

please dont just say chinese when you talk about a language:)

[manoloblanco]

" VENEZUELANS" incredible !!!

[srfin]

financial district sucks haha they have no idea there tricking them