- A Chinese couple paid US $34.5 million for a 36,000-square-foot French-style mansion owned by the real estate tycoon C.
Frederick Wehba in Los Angeles.
- It was not the first time that Chinese buyers had splurged on an American property.
- Chinaâ€™s great wall of cash is pouring into the struggling U.S. property market, from multi-million-dollar mansions on the
West Coast to venerable hotels on the East Coast.
- Buyers from mainland China and Hong Kong are snapping up luxury homes, often paying cash, in major U.S. cities such as New
York, LA & San Francisco.
- by ADM Admin