Donald Trump hasn’t derailed Chinese homebuyers’ obsession with US real estate
Knight Frank believes Chinese investment may even accelerate under the Trump administration
Donald Trump’s presidency won’t hurt the rising tide of Chinese investment into the United States - in fact, the level of cash may actually increase, according to Knight Frank.
Trump’s shock election last week rattled markets around the world and analysts continue to disagree on what the Republican candidate’s victory means or how it will affect the US property market, the No 1 destination for Chinese capital.
I don’t think there will be a big downturn in the property market because of Trump, and if anything, there could be a bit of an upturn
“The short answer is I am not worried about Trump’s impact on Chinese flows into America,” Knight Frank’s global capital markets head Peter MacColl told the Post during a visit to Hong Kong last week.
“Whilst he’s come out with a lot of rhetoric, what might be considered to be barmy ideas that might have an impact on the geopolitical scene globally, the American system of checks and balances through Congress, through all the advisory parties that any change has to go through, means any really radical things won’t happen overnight,” he said.
“I don’t think there will be a big downturn in the property market because of Trump, and if anything, there could be a bit of an upturn because of his policies towards business generation and self responsibility.”
In the short term, MacColl expects there to be a bit of “waiting in the wings and seeing what’s going to happen”.
