PORTLAND — A condominium building under construction in Portland is planning to market more than a quarter of its units to Asian buyers.
The real-estate brokers tasked with selling units in the TwentyTwenty building in Northeast Portland expect to offer up to 45 of the 162 units to buyers from countries that include China, Japan and Singapore, The Oregonian/OregonLive reported Monday.
Asian buyers have become a significant force in larger West Coast cities, with Chinese buyers accounting for $30.4 billion in U.S. real estate over the last year, according to the National Association of Realtors.
The building’s one-bedroom units will start at $300,000, and its two-bedroom units at $500,000 — prices Zhang said might interest buyers in China.
