The Treasury Department said that 30 percent of high-end real-estate deals that were subject under a new watchdog program involved "suspicious activity" and potential money-laundering.
Buying a house is undoubtedly a big commitment and, until now, seen as an integral part of growing up. However are millennials too apprehensive to buy?
Dalian Wanda Group said on Tuesday it had scrapped plans to buy Nine Elms Square in London, the latest setback for the Chinese conglomerate as Beijing tightens controls on overseas investment.