As wealthy Chinese nationals continue to show interest in U.S. real estate opportunities, China-based real estate developers are following suit, investing billions in U.S. development projects, including right here in Los Angeles.

“If one out of 10 customers [in China] is looking for a home abroad, that’s a captive audience and developers will find a way to capitalize on that,” said David Yu, a Shanghai-based partner at Llinks Law Offices.

One such developer is Shanghai Greenland Group Co., which recently purchased the 275,450-square-foot Metropolis site in Downtown Los Angeles, near L.A. LIVE. Shanghai Greenland announced that it will invest a total of $1 Billion to develop the site, which will feature hotels, offices, retail and luxury residences. According to Bloomberg, it is the biggest deal of its kind by a Chinese developer in the U.S.

Shanghai Greenland’s investment in Downtown Los Angeles is indicative of the rising demand from overseas investors, especially from China. Indeed, wealthy Chinese nationals have purchased a significant share of the luxury homes at The Ritz-Carlton Residences at L.A. LIVE, the best-selling residential development in Downtown, where more than 85% of the homes are now sold.

The Ritz-Carlton Residences at L.A. LIVE

Chinese nationals have purchased a large share of the homes at The Ritz-Carlton Residences at L.A. LIVE.

As the Wall Street Journal’s China Real Time Report notes: “Many Chinese nationals are looking for a home address abroad, driven by domestic limits on home purchases as well as the stronger yuan, higher investment returns, asset diversification or migration purposes.

Real estate investment by wealthy Chinese investors is expected to grow 30% in 2013, according to real-estate consultancy Jones Lang LaSalle. Likewise, property investment deals are also gaining. So far this year, $2.7 billion has been invested, compared with $1.6 billion during the same period in 2012, according to data tracker Dealogic.

For more on Chinese Developers Targeting the U.S. Market, go here.

Photo Above: The FENDI Casa Penthouse at The Ritz-Carlton Residences at L.A. LIVE