By Assunta Ng
China, of course.
“These days, our real estate market is dry. No one has money to buy,” said a Chinese American realtor who dropped by the Asian Weekly earlier in the month.
“If we want to do business, we have to go to [China] to get Chinese customers,” said another realtor.
They browsed through a story in the Seattle Chinese Post about the former headquarters of Amazon up for sale at $10 million.
“That’s so cheap,” said the realtors, who plan to go to China to pitch for the Seattle building.
Recently, a couple of friends saw a Chinese man buy a few pieces of property in Bellevue without really looking at the site. He made the decision in minutes. And the price was $70 million.
Upon hearing this, one of my friends asked, “How these people have this kind of money? Is it clean money? If it’s not clean, I don’t even care.”
A lot of people question how large amounts of money is made in China, if it’s legal money.
Another friend of mine said, “I don’t envy any of those rich Chinese.” (end)