China biggest buyers of new build property

The consultancy’s latest report shows that the leading cross-border buyers of new-build luxury homes are those from China. Buyers are most influential in Sydney and Hong Kong, but are also active in Kuala Lumpur and Bangkok, while they are stepping up interest in Western markets, such as New York.

Buyers from Singapore and Russia are next most active acquirers of new-build residential property, followed by those from the UK and US.

In the next 12 months, China, Russia and America are set to grow their market share of activity,

“Chinese buyers’ global presence is fuelled in part by a strong Yuan and slowing domestic economy, both of which are encouraging Chinese investors to look further afield in an attempt to diversify their investments,” explains Knight Frank.