-Samuel Li, Founder & CEO at Jewel Capital:
The capital flooding from China has already been a trend and the impact of the election would not be structural. There are two reasons for Chinese investors to come to the United States. The first one is to preserve their wealth by investing in strong global assets. The second reason is to penetrate into this U.S. market and enjoy the appreciation.
-David Kruth, the adjunct professor at Columbia GSAPP & Managing Partner at Brooklyn//Queens Properties:
“Chinese developers own about 68 development sites across the US, with vast majority in NYC, LA and SF.”
-Leonard Steinberg, President at Compass:
“Chinese government’s ultimate purpose is to increase tax value, which, the US style REITs cannot fulfill. Besides if China wanted to learn the US style REITs, Chinese government has to make a lot of information transparent.”
-Bruce Feffer, Partner at Eaton & Van Winkle LLP:
“The Chinese never rent.” He had some very wealthy Chinese investors with their luxury apartment sitting there from months to months and doing nothing. Even though the wealthy Chinese were only staying in the US occasionally, they still buy condos.
He also raised a very interesting point of view that the restriction of RMB outflowing is not a huge barrier for investment in the States. People had exaggerated that fact. It’s actually because there's not enough appealing deals in the market.