“In the last year 5 or 6 of the 1 bedroom suites have been bought by the same Chinese investor.”

geezer at RE Talks 28 Nov 2010 4:00pm“I have an interest in an older condo building in a popular area. In the last year 5 or 6 of the 1 bedroom suites have been bought by the same Chinese investor. If any suite is offered at a reasonable price, a bit higher than assessed value, he’s all over it with pretty fair offers. To the best of my knowledge this flurry of activity from a single buyer is something that hasn’t been seen in this building before.”

2 responses to ““In the last year 5 or 6 of the 1 bedroom suites have been bought by the same Chinese investor.”

  1. That’s what you call an Ancient Chinese Torture … drip, drip, drip … an older condo building? Oh, is it leaking?

  2. Buy the building then redevelop it. Old hat and it isn’t just Chinese who do this.

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