2022 Theses Master's

New York’s Attractiveness to Chinese Home Buyers

Shen, Yining

This thesis focuses on Chinese buyers' role, characteristics, and preferences in the New York real estate market by analyzing the following aspects. First, as background and context, the thesis argues that buyers’ logic and characteristics respond to China's foreign investment policy history. Second, the thesis details that Chinese buyers are not homogeneous but have patterns of group composition and behavior characteristics. Third, it explains why New York’s housing market is a more economical investment choice compared with Shanghai as a comparable representative of Chinese cities. The fourth section outlines findings, drawing an original assembly and content analysis of sixty brokers of Mandarin language, and lists the primary considerations for Chinese buyers when buying houses. Finally, conclusions are drawn based on the analysis above as a summary.