Overseas residents prop up realty

Overseas residents in Beijing are once again showing keen interest in home buys, industry experts said.

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Hu Hanxiang, manager, Star River, a high-end residential project in Chaoyang District, told China Daily that they have just sold an apartment valued at around 10 million yuan to a Taiwan resident.

"The enquiries for new homes from foreigners has increased along with the rebound in the property market," said Hu.

Hu Yuzhou, manager, Yuanyang Lavie, a project in Beijing's central villa district, said property sales to Hong Kong and Taiwan residents have gone up recently.

Isler, an Italian working with a joint-venture company, is one of the foreigners keen on buying a new residence this year.