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Real Estate Sold

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The SF Examiner reports that Chinese real estate buyers are turning out in droves to buy up Peninsula's residential real estate. "There's more Asian money flooding in that I've ever seen before," said Donald Kung, owner of San Mateo's Remax Investments. Asian investors are attracted to the South Bay because the dollar is weak against the Chinese yuan and because the median cost of a three bedroom home is still less than an apartment in Taiwan. [SF Examiner]