Search
 

Chinese New Year

Well we made it. At the stroke of midnight on Friday morning we usher in a new year and pray for another year of relative equilibrium in what is, by any count, a late stage market.

By Anthony LoPinto | Updated on December 29, 2015

Well we made it. At the stroke of midnight on Friday morning we usher in a new year and pray for another year of relative equilibrium in what is, by any count, a late stage market. In 2015 the universal view was that we were in a the seventh inning of the current bull market cycle, so logic may have it that 2016 will serve-up a seventh inning stretch or moving into the eighth inning.

However, forgetting baseball analogies, one player in the market continues to be aggressive, and we expect will remain so this year. Chinese buyers—behemoths like Fosun Insurance Group—are snapping-up trophies such as New York’s Waldorf-Astoria. But the more interesting aspect of Chinese investment in US real estate is the wealthy individual investors who are acquiring condominium projects, strip malls, airport hotels managing to circumvent Chinese government regulations for the export currency. Even further down the food chain are middle-class Chinese are acquiring individual homes and condo units across major US cities. The current level of Chinese investment has not been fueling the market, but this may change in 2016 as the stock market in China has settled down and will likely spawn more aggressive and broad gauged investment activity.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.