When asked to describe Chinese buyers during The Real Deal’s second annual U.S. Real Estate Showcase and Forum in Shanghai, Sotheby’s International Realty’s Nikki Field responded with one word: “sophisticated.”
“They now understand that our market has softened a bit and they’re looking for good value, strong opportunity and immediate return,” Field said in a one-on-one interview with TRD’s managing web editor Hiten Samtani.
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The head of Sotheby’s Asia desk, Daniel Chang, also dropped in to talk about his role in assisting Chinese investors looking to make the big move.
Watch the interview above, and click here for a full recap of the event.
For more videos, visit The Real Deal’s YouTube page.