Chinese buyers have ‘insatiable appetite’ for Hawaii real estate
Wealthy Chinese buyers have an “insatiable appetite” for Hawaii real estate, and there is a group that is looking to purchase larger projects and is even in discussions with local developers, a Canadian entrepreneur and co-founder of a New York and Shanghai-based company that offers lifestyle and travel opportunities to its private network of high net worth and emerging wealth Chinese members said Wednesday.
Derek Muhs, co-founder of Affinity China and the keynote speaker at the “China Ready Real Estate Investment” seminar held at the Ala Moana Hotel, told a group of real estate industry stakeholders and others, about what the Chinese are buying in Hawaii, why they are buying it and how to connect with Chinese consumers.
Chinese real estate investors are expected to spend more than $175 billion during the next few years acquiring residential and commercial properties around the world and Hawaii is on the list of desired investment places, according to Affinity China.
The Chinese are buying single-family homes in high-end areas ranging in price from $500,000 to $1.5 million, and 70 percent of them pay cash, Muhs said.
“They buy it because they can afford it and they are looking for deals, like distressed assets and when the economy slows,” Muhs said. “They come to top locations like New York City, Los Angeles, San Francisco with central locations and good schools, but Hawaii is there in the top 10, sometimes in the top five.”
He also pointed out that Chinese buyers like new, or newer, projects and look for infrastructure, such as shops and other amenities.
The Chinese also like it when businesses adapt to them.
本文来源：网易教育频道综合
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