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Asia’s wealthy mix education with real estate investment in the U.S.

November 2015

With at least one-in-ten Asian ultra-high net worth individuals (UHNW) sending their kids to U.S. colleges, a slush of parents’ money has contributed to rising residential real estate investment near university towns and gateway cities, says JLL.

“According to Wealth X, as many as 5,200 children have attended or are attending colleges in the States, which represent nearly 10% of the Asian UHNW population. The top three most popular choices for Asia’s richest individuals and their children are; Harvard University including Harvard Business School; Stanford University; and University of Southern California,” says the property consultant.

Correspondingly, in the first half of this year, the U.S. overtook the UK to become the number one global destination for Chinese capital into commercial real estate, according to JLL’s quarterly Global Capital Flows data.

While in the residential markets, Chinese investors, including those from Hong Kong and Taiwan, purchased USD 28 billion worth of U.S. residential properties in the financial year 2014/15 according to a report released in June by the National Association of Realtors (NAR).