Watch: How One Posh LA Suburb Became The 'Chinese Beverly Hills’

    A new video looks at how an influx of Chinese buyers paying cash for multi-million dollar homes has had a massive impact on the Southern California real estate market.
    Jing Daily
    Jing DailyAuthor
      Published   in Retail

    With hopes of sending their kids to the United States for college, affluent Chinese buyers spent a stunning $22 billion on U.S. real estate last year. One neighborhood that has been at the forefront of this trend is the upscale Los Angeles suburb of Arcadia, which has seen such a huge influx of Chinese purchases that it’s been nicknamed the “Chinese Beverly Hills.” A recent video segment by Vocativ (embedded above) talks to one real estate agent who works with many wealthy Chinese buyers about what they find so enticing about Southern California’s multi-million dollar houses, as well as the suburb's slightly more scandalous Chinese nickname.

    Discover more
    Daily BriefAnalysis, news, and insights delivered to your inbox.