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NAR News (National Association of Realtors / 전미 부동산 중개인 협회)

Courting the Chinese real estate buyer * CORAL SPRINGS ASIAN REALTOR JENNYFORHOME *

* CORAL SPRINGS ASIAN REALTOR JENNYFORHOME *

HONG KONG – June 25, 2012 – The U.S. real estate community is going to lengths to woo homebuyers from China and Hong Kong, who reportedly spent $9 billion in sales during the 12 months ended in March. And many experts say that number is conservative because it doesn’t factor in private transactions.

“Because it’s becoming more restrictive to invest at home, and because Europe is so unstable, the U.S. property market is becoming incredibly attractive to the Chinese,” says Patrick O’Neill, whose Hong Kong firm helps Asian investors purchase homes in the States. “America offers low interest rates, discounted prices and a safe harbor for their money.”

 

* CORAL SPRINGS ASIAN REALTOR JENNYFORHOME *

If those incentives aren’t enough, developers of new residential projects – which are preferred by the Chinese over existing construction – are practicing good Feng Shui, such as facing windows southward, installing wok kitchens, adding guest units for grandparents, and putting lucky numbers (eight is considered luckiest) on the best units.

* CORAL SPRINGS ASIAN REALTOR JENNYFORHOME *

 
Real estate agencies, meanwhile, are hiring Mandarin speakers and flying representatives to China. Some builders and agents also are promoting property sales along with government initiatives, such as the EB-5 program, created to stimulate foreign investment.

Real estate practitioners say the trends are prevalent in cities that have always been favored by the Chinese – including New York, San Francisco and Los Angeles – but are spreading to markets, such as South Florida, that the Chinese previously avoided.

“There was a false perception in China that Miami is not a super-safe city because a lot of Chinese watch ‘CSI: Miami’ or ‘Miami Vice’ on TV,” says Steven Lawson of Windham China, which helps Chinese buyers find property in the United States.

Other emerging markets for Chinese buyers include Las Vegas and Seattle.

 

* CORAL SPRINGS ASIAN REALTOR JENNYFORHOME *

Source: Wall Street Journal (06/22/12) P. D1; Schuker, Lauren A.

© Copyright 2012 INFORMATION, INC. Bethesda, MD (301) 215-4688

* CORAL SPRINGS ASIAN REALTOR JENNYFORHOME *

About jennyformiamihome

성심껏 도와드리겠습니다. 연락주시면 바로 상세히 답변드립니다. Jenny Shin / 신정미 부동산 (Broker's Real Estate) 남부 플로리다 마이애미 지역 한인 부동산 주택매매 렌트 싱글하우스 타운하우스 콘도 브라워드 카운티 마이애미 데이드 카운티 포트로더데일 웨스턴 코랄스프링 도랄 Rent or Buy single house, town house and Condo Miami Dade County / Broward County, fort lauderdale, coral springs, copper city, weston, doral 1398 SW 160TH AVE. SUITE 105 Weston, FL. 33326 Direct : 954-551-0236 Office : 954-384-1616 Fax : 954-697-0447 E-mail : jenny_shin62@hotmail.com

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JENNY SHIN PROFILE


Jenny Shin / 신정미 부동산
(Broker's Real Estate)
1398 SW 160TH AVE. SUITE 105
Weston FL 33326
Direct : 954-551-0236
Office : 954-384-1616
Fax : 954-697-0447
E-mail : jenny_shin62@hotmail.com

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