Chinese Tycoons Buy Houses Overseas For &Nbsp, 1 Billion 270 Million Months In London.

Cheap land prices such as cabbage prices to explore the big bottom

Chinese tycoons keen to buy houses overseas as landlords

China

Buying American land only needs "cabbage price".

Since July, Johnson, head of overseas affairs division of SouFun, has been busy day and night.

What he is working on is a new project to help American developers sell land in China.

Zhuang Nuo told reporters that because China and the United States had 12 hours of time difference, Chuang Nuo often had to rush into the middle of the night.

Chuang Nuo disclosed that in early June, Ray Piel, managing director of USOFA (United Solutionsof American.LLC), Florida, found Zhuang Nuo, asking him to help identify Chinese developers and develop some 600 thousand square meters of land to the United States.

Initially, Chuang Nuo tried to find several developers, but no one was willing to take over. They had two concerns: first, financial difficulties; two, foreign development did not have much experience.

Looking at the piece of land that he has carved out together, Zang thought that if the plot was divided into retail, is it feasible?

Thus, the idea of "going to the United States as landlord" came out, and after consulting with the other company, the other side agreed.

So there is the first "experimental field": first take one piece out, "1 yuan start, 8800 dollars cap."

Not long ago, the winner of the "1 yuan auction of American land" was finally born.

Shanghai Ye family buyers won a market price of $50 thousand for a 1000 square metre plot in the Green bull large villa community in Florida, US $8800.

The floor price of the plot is only 57.2 yuan per square meter.

"Tens of thousands of yuan will be able to be" foreign landlord ", it is too cost-effective.

A netizen who took part in the racquet said that the amount of US $8800 would be equivalent to about 57000 yuan, and some high-end properties in Shanghai could not even be purchased for 1 square meters. Now it may buy 1000 square meters of land. The unit price is less than 60 yuan / square meter, and there is a permanent residence right.

Zhuang Nuo told this newspaper that after several rounds of auction confirmation, the price of $8800 could not be capped, and finally the group purchase price was set at 19988 US dollars / square meter.

The reason why the land in the United States is so popular with the Chinese people is unexpected. The analysis shows that the biggest difference between the land in the United States and China lies in the fact that the land in China is only usufruct, while the land in the United States belongs to private property, including the resources on the ground and underground, which belong to the owner and can be freely traded.

In recent years, the expansion of Chinese overseas property buyers is mostly concentrated on studying immigrants. Now pure investment behavior is starting to appear. This part of investors is more rational and more concerned about appreciation potential and paction security.

If you have 1 million dollars on hand, Chuang Nuo said, it would be better to buy land and buy a parking space than to buy a house in the United States, because the housing value-added space in many parts of the United States is relatively limited to large cities such as Beijing and Shanghai, and the housing price is relatively low. However, because the number of cars per capita in the United States is relatively high, the profit rate of parking spaces is much higher than that of houses.

How rich is China's rich?

A few years ago, people described them as "buying houses in big cities like Beijing and Shanghai, just like buying cabbage."

But soon, the description was out of date. The rich began to cross the sea, boldly "go out", to the United States, Canada, Australia and Europe to spend a lot of money to copy the bottom, and set off a round of overseas home buying whirlwind.

Today, this is also an old yellow calendar. At present, the rich are interested in buying land and landlords overseas.

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Housing prices hit bottom, housing opportunities in the US

To buy land overseas as landlords does not affect the enthusiasm of Chinese people to buy houses abroad.

Reporters also learned that the "China real estate global" event jointly organized by SouFun and China Council for trade promotion will arrive in the US in mid September. At that time, the 40 Chinese millionaire teams from Shandong, Jiangsu, Dalian, Hangzhou, Shenzhen, Beijing, Chongqing and Shanghai will arrive in the United States and begin their 11 days of American real estate.

It is reported that Chinese investors have not moved, and their investment enthusiasm has "shocked" the US market.

In the face of strong purchasing power, the US project has also thrown out various preferential measures to attract Chinese investors to buy their homes in the US.

The measures such as "buying a Mercedes Benz C300 car", "permanent property rights, responsible for leasing", "buying a house to send private parking spaces" and other measures specifically targeted Chinese buyers, attracted the eye of Chinese buyers, and greatly reduced the investment costs and investment risks of homebuyers.

The local government of the United States is also enthusiastic about the Chinese rich group.

Wherever they go, local governments, associations and real estate brokers will provide them with full services from housing information, purchase procedures, legal aid and so on.

Local real estate agents have already studied what kind of property they are going to introduce to Chinese customers.

SouFun President Mo Tianquan told our reporter that the US housing prices have basically bottomed out and that it is a good time to invest in the US.

He believes that for the Chinese rich, millions of dollars are just a spare money that can be used at any time. The currency issue is not within the scope of consideration.

In fact, for most Chinese wealthy businessmen, they consider more practical problems than investment, and many of them want to buy homes for children who will go abroad in the future.

Some of the children may still be in kindergarten.

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Tentacles reach the world

According to Mo Tianquan, in addition to the United States, other economies in the doldrums of the government also began to Chinese people's funds are full of expectations.

According to Phoenix's report, the Chinese made a conservative estimate of the amount of money to buy houses overseas through the real estate agency in 2010. It is also estimated that there are 5 billion yuan for those who go overseas to buy houses.

On the other hand, in the United States, Canada, Australia and other countries, the arrival of Chinese buying houses is often described as "wolf," because their strong purchasing power not only pushes up housing prices, but also pushes many locals out of the market and becomes unpopular.

China's rich overseas sweep abroad can be described as "like a wolf," which is evident from the following reports.

In October 14, 2010, media reports said, "Chinese buyers bought 480 million apartments in the United States for about $8000."

It is understood that Mr. Liu was born in China and now an American citizen. He bought about 8000 apartments in the United States for about $480 million, and became one of the largest buyers of American apartment buildings from a nameless one.

He also made a deal, and his company, StandardPortfolios, paid about $133 million in cash to buy 7 apartment blocks in the area, and assumed debts for the latter.

Mark Osgood, an American consultant to Mr. Liu, said Mr. Liu's money came from his Chinese project, and he had several apartments and several commercial real estate projects in cities such as Beijing.

Chinese buyers' enthusiasm for overseas purchases has attracted media attention from developed countries.

British Chinese media "Hua Wen weekly" recently reported that Chinese overseas buyers and buyers are increasing in scale.

A British real estate broker said: "5 years ago, 95% of my guests were executives working in London, and now 75% are Chinese investors."

In addition, not only are overseas property projects entering the Chinese tourist market, but the news of China's richest people sweeping the overseas housing market has even made many overseas locals look stunned.

According to the "Ming Pao" reported in Canada, in recent years, the Chinese craze for buying luxury houses in Canada has become increasingly fierce. It has spread from western Vancouver and Richmond to other cities, resulting in "hot buying everywhere".

Peter Ladner, a former Vancouver Councillor and mayor who once ran for mayor, thinks that Vancouver's property prices are out of control. A large number of investors from China are the main factors leading to the soaring property prices.

He even suggested that the government introduce policies to restrict non residents buying houses in Vancouver.

In addition, according to the overseas home survey conducted by SouFun online in March, the United States has become the most concerned home buyer of Chinese buyers, followed by Australia and Singapore.

Similar situations in Canada have also occurred in Australia and other countries.

Faced with the "Chinese purchase" from time to time in the media, the locals in Australia are delighted and afraid, worried that the "Chinese power" is getting bigger and bigger.

If we develop this way for another 10 years, Chinese will become Australia's first language.

To this end, in May of this year, when the new prime minister Gilad took office, he began to tighten immigration and real estate policies.

In the past few years, foreign students and foreigners were allowed to buy Australian houses. They could borrow 95% or even full loans. However, at present, Australian banking is refined, and loans can only be up to 85%.

And if we do not get a green card in Australia, we will not allow overseas staff to rent a house. When overseas personnel leave Australia, they must sell their houses and not allow them to rent.

British media said in a former daily report that British housing prices were pushed up by local Chinese investors, squeezing local people out of the market.

Reported that in recent two months, Chinese investors in London to buy a house up to 120 million pounds (about 1 billion 270 million yuan), causing local complaints.

The housing society even warned that many young Londoners would have to wait until they were 50 years old to afford housing prices.