CHINA TOPIX

Wealthy Chinese Park Money From New York High-Rises to Suburban Houses

Raymond Legaspi   |

Feb 10, 2015 09:01 PM EST

Plush apartments in New York City's upscale neighborhood, Manhattan, are the favorite playgrounds of China's wealthy. But in recent months, these well-heeled real estate investors chose new properties away from the city center, toward the leafy suburbs of Gold Coast in North Shore and Long Island.