In London, Chinese citizens who clamored to purchase flats at the city’s tallest apartment tower three months ago are now struggling to transfer their down payments. In Silicon Valley, Keller Williams Realty says inquiries from China have slumped since the start of the year. And in Sydney, developers are facing “big problems” as Chinese buyers pull back, according to consultancy firm Basis Point.
“Everything changed’’ as it became more difficult to send money offshore, said Coco Tan, a broker associate at Keller Williams in Cupertino, California.
Yan Can Short
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FEEDI have purchased October 27 2024 $27 puts on FXI, the ETF based on the
Chinese stock market. I’ve got a stop-loss of 26.26, meaning I’ll exit
should it...
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