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A 33-year-old Chinese woman has paid €80 million (S$117m) in cash for a 49-room property with three private beaches on the exclusive Italian island of Sardinia, according to the island’s oldest newspaper, L’unione Sarda . The buyer was identified as Nani Wang, and her name is the same as that of a former board director of JD Health International, the...
Wealthy Chinese buyers drawn to European castle estates, agents say Cheryl Arcibalcheryl.arcibal@scmp.com Investors looking to turn castles in Italy into investment properties typically acquire those that come with vineyards and fruit trees and make their own wine or olive oil on site to make a small profit. Photo: Handout European castle estates are proving to be popular trophy assets among wealthy investors, including those from mainland China, according to agents. While they have been made popular by films such as those by Disney, the coronavirus pandemic has amplified the...