More Than 4,000 Wealthy Chinese Attend Event At Ritz-Carlton Beijing
The Luxury Properties Showcase, for which Jing Daily was a media partner, took place last weekend at the Ritz-Carlton Hotel in Beijing. The 4,000+ HNWIs that attended the three-day event viewed a variety of real estate properties represented by the 51 real estate outfits from over 30 countries. Ashley Woo, sales and marketing manager, described attendees as looking to diversify property portfolios into international markets or looking to buy homes for children studying abroad and capable of investing upwards of 10 million yuan (1.5 million USD) each.
The three-day event provided seminars for the luxury investors on where and how to invest globally, as well as a “Properties Showcase.” Manhattan Global Properties president and co-partner Joan Brothers, who was present to promote luxury apartment projects, said the market was very “exciting,” and had set up further meetings with two clients to fly to the US to see properties. Additionally, Alamo Real Estate reported sales of several international properties, with the reasons for purchase listed as safe investment, children’s education, as well as the prestige associated with owning international property.
Jing Daily has previously reported on Mainland Chinese continuing to be big investors in luxury real estate, with mainland Chinese having purchased nearly 20% of luxury apartments sold in Hong Kong in 2009, and nearly 30% in Singapore’s Sentosa Cove. While many of these are in nearby territories, the Luxury Properties Showcase has succeeded in presenting international luxury real estate to mainland buyers, providing a venue for Chinese investors to explore locations further from home.