Saturday, May 13, 2017

Chinese investors mixed on Kushner project

(Source: Global Times) Wealthy Chinese investors are mixed on pouring millions of dollars into a property development project linked to the family of Jared Kushner, US President Donald Trump's son-in-law, in exchange for permanent residency.

Around 150 mostly middle-aged Chinese investors attended a roadshow presentation on Saturday of two-tower luxury apartment project Kushner 1 or One Journal Square in New Jersey at the in Intercontinental Hotel in Shenzhen, South China's Guangdong Province.

During the three-hour presentation, a dozen more investors kept swarming in. Investors were told that the EB-5 immigration investment program calls for an investment of $500,000 each to fast-track a US green card.

The roadshow seeks to raise $150 million, or 15.4 percent of the project funding from wealthy Chinese. See report at
 http://www.globaltimes.cn/

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