California Governor Gavin Newsom is under fire for allegedly allowing Chinese Investors to buy up Palisades fire destroyed property – with nearly 30% of all purchases in Altadena alone.
According to an anonymous developer – more than 28% of purchases in fire-ravaged zones have been made by Chinese investors.
The revelation comes as concerns mount over foreign investments in strategic or disaster-hit areas.
Critics say lax regulations under Democrat governors like Newsom allow adversaries like China to gain footholds in the nation threaten national security and drive up housing costs for everyday Americans.
Calls are now being made for the federal government to step in and stop what some are calling a stealth invasion disguised as real estate deals.
Earlier this week, footage was released showing alleged surveys of burn zones in Altadena and Pacific Palisades by Chinese buyers, with one contractor reporting requests for bulk purchases of 5-6 lots at a time.
Multiple contractors in the Pacific Palisades and Altadena regions are now warning about Chinese nationals aggressively pursuing fire-destroyed lots.
Last month a report revealed that Chinese nationals spent $13.7 billion on U.S. homes from April 2024 to March 2025.
This marks an 83% increase, with heavy focus on California markets—a trend Senator Rick Scott blasted as a national security risk, saying Chinese citizens’ have a legal obligation to spy for their government.
This after reports started pouring in from analysts about major investors like BlackRock selling properties to CCP-affiliated buyers.
Alleged Chinese-linked buyers in Altadena post-fires:
SHENG FENG GLOBAL,
KIN SUM MING,
LING WANG,
YINGYANG JL USA INC,
Their purchases represent over 28% of transactions since the fires.
This marks a jump from 4% Chinese purchases in L.A.
