Foreign buyers at Millennium Tower show that Boston is on a world stage Boston Globe For proof that Boston has become a luxury housing mecca for wealthy people from around the world, look no farther than Downtown Crossing.At the high-end Millennium Tower, buyers have come from Greece, Hong Kong, and the Middle East, scooping up condos two or three apiece. Theres a real estate executive in San Francisco who markets luxury US properties in Asia, and claims on her website that shes sold 7 percent of the tower roughly 30 units.Read more.
Opinion: What China's U.S. buying spree means for the future of hospitality Forbes For the travel and hospitality industry, it wont be long before we see mainland Chinese hoteliers exporting their national lodging brands to the U.S. and other countries to complement the high-profile global brands in which theyve invested. Read more.
China's ultra-rich population grows 14.1% to 89,000. China.or.cn Guangdong has replaced Beijing as having the most high-net-worth individuals, according to the latest Hurun report. Read more.