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Koreans Snap Up U.S. Real Estate
Chosun Ilbo ^ | 06/28/2013 | Chosun Ilbo

Posted on 06/27/2013 11:47:39 PM PDT by TexGrill

Koreans were the second most enthusiastic Asian buyers of U.S. real estate after Singaporeans in the first half of this year, ahead of the mainland Chinese.

The combined real estate investments of Koreans, Chinese and Singaporeans amounted to US$5.2 billion from January to mid-June, an all-time high, the Wall Street Journal reported Wednesday quoting figures from research firm Real Capital Analytics.

Koreans invested $1.83 billion in U.S. properties during this period, overtaking the Chinese ($1.52 billion). Singaporeans spent the most with $1.87 billion.

Asian investors bought mainly resorts or commercial real estate in Hawaii, high-risers in Chicago and condos in New York, the daily reported.

The main reason is the aging population in the three Asian countries, with pension funds investing in overseas markets like the U.S. to boost returns.

(Excerpt) Read more at english.chosun.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: southkoreaeconomy
You might think these Korean pension funds could find cheaper real estate to invest in, which could bring higher returns. Perhaps in Texas. But no they gotta support the Obummer and Clinton thugs instead.
1 posted on 06/27/2013 11:47:40 PM PDT by TexGrill
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To: TexGrill

At least their women are hot.


2 posted on 06/27/2013 11:52:52 PM PDT by SIDENET
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To: TexGrill

Come on over folks. We could use more Koreans.


3 posted on 06/28/2013 2:54:04 AM PDT by Ken H
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To: TexGrill

They think that their countries will devalue their currencies...so they want assets outside of their home countries.


4 posted on 06/28/2013 2:55:56 AM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Southack

That’s a smart business move.


5 posted on 06/28/2013 2:59:10 AM PDT by TexGrill (Don't mess with Texas)
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To: TexGrill

They’ll overpay, like the many Japanese firms did back in the 1970s.


6 posted on 06/28/2013 5:05:42 AM PDT by Eric in the Ozarks (NRA Life Member)
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