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Another building under construction in Manhattan…and yet another property owned by Chinese investors1.
曼哈顿区又一座在建的大楼,又一座中国投资者拥有的地产。
Just a few blocks from New York's iconic Times Square, 7 Bryant Park's 30-story concave glass design cuts a distinct figure.
Costing the Bank of China in the region of $600 million- economics professor Ann Lee says they're not the only ones paying huge prices for prestigious2 properties.
Ann Lee, Author and Professor, New York University
"The Chinese, because they don't know any better, are kind of paying top dollar for the name, the brand name, and the status of owning certain properties. Whether or not that makes any economic sense is besides the point for them right now."
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