Chinese Homebuyers Look Overseas in Real Estate Binge

Bloomberg Video

Nov. 15 -- Motivated by a weakening yuan, surging domestic housing costs and the desire to secure offshore footholds, Chinese citizens are snapping up overseas homes at an accelerating pace. They’re also venturing further afield than ever before, spreading beyond the likes of Sydney and Vancouver to lower-priced markets including Houston, Thailand’s Pattaya Beach and Malaysia’s Johor Bahru. Bloomberg's Sree Vidya Bhaktavatsalam on "Bloomberg Daybreak: Asia."