One in every three wealthy Chinese has property overseas, most of them residential properties, according to the luxury publishing and events group Huran Report.
As the domestic Chinese property market continues to slump, more and more wealthy Chinese investors have shifted their focus to overseas property markets.
Chinese investors invested over $6.91 billion (US$5.4 billion) in overseas properties in the first half of 2014, and despite tension between China and Japan, Chinese investors flocked to Japan.
Australia as a destination ranked ninth.
4. New Zealand
2. South Korea
Source: Huran Report.
According to Huran Report, Japan became the top investment destination for Chinese property investment in 2014 mostly because of the depreciation of the Japanese Yen and a decade of deflation that squeezed the bubble out of the property market in Japan, the asiaone.com website noted.