HONG KONG: For some Chinese investors, the first step to purchasing millions of dollars in property on the other side of the globe is a lot like ordering a new T-shirt online — search and click.
Social media is the catalyst, connecting Chinese buyers and overseas agents. At least one prospective buyer entrusted an agent with US$100mil (RM327.12mil) to invest in residential housing. Others bought houses in Houston or plots of land in Colorado, sight unseen, according to real estate agents.
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