Chinese Replace Russians as Top Apartment Buyers in Manhattan - Presented by: The Aol. On Network

For the first time ever, the Chinese are replacing Russians as the top apartment buyers in Manhattan. It wasn't so long ago that Russian oligarchs dominated the world of real estate, buying status-heavy apartments like the $88 million dollar Robert A.M. Stern penthouse. Now, Russian activity in the real estate market has dropped off since the unrest in Ukraine, and the U.S. imposing sanctions on Russia.



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