Chinese couple buys Beverly Hills mansion for US$34.5m

- 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.
- China’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.

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- by ADM Admin


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