chinese investors are on an overseas property-buyingspree and south korea is right in the middle of the action. according to a report by kb financial group,the amount of korean land owned by chinese individuals and companies amounted to 16-point-ninemillion square meters last year,... an increase of 486-percent from 2011.
car hire vancouver island, that means chinese land ownership in koreahas risen by more than five times over the past five years. the combined amount of foreign land ownershipincreased by 49 percent during the same period. chinese entities bought up two-point-six millionsquare meters of land in korea last year alone,...
adding to roughly seven percent of the totalforeign land ownership in korea. the kb report pointed to the need for a reviewof the potential impact of a surge in foreign land ownership,... potentially to model policyafter vancouver, which imposed a 15-percent tax on foreign real estate buyers.
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