Archive for April, 2011

Vancouver Real Estate being pre Sold in Mainland China

Tuesday, April 19th, 2011

China Exclusive: Overseas property developers and agents sell real estate at the Beijing Real Estate show

Steve Dawkins
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BEIJING, April 7 (Xinhua) — The number of overseas property projects exhibited at the ongoing spring session of the Beijing Real Estate Expo doubled to more than 80 from last year, said the Expo’s organizers on Thursday. The Expo, which kicked off on Thursday, attracted overseas vendors from more than 20 countries and regions, including the United States, Australia, Canada, Britain, Singapore, Thailand and Hong Kong. Before 2010, there were fewer than 20 projects each year, while last year the number soared to more than 40 during the autumn event, said Zheng Xiangdong, one of the organizers. Thanks to China’s robust economic growth, Chinese consumers have a growing appetite for international properties. The Chinese economy will continue its strong momentum in the next decade with price gaps between domestic and overseas properties shortening, so international property professionals will embrace a larger market in China, said Steve Dawkins, a partner in Fortune RE Group, a first time attendee at the expo. Overseas vendors brought a variety of projects, from luxury villas in California worth more than four million U.S. dollars to apartments in Istanbul valued at less than 340,000 yuan (50,746 U.S. dollars), according to organizers. Austar Property Consulting Pty. Ltd.’s Ken Zhang said Australia’s property market is fairly stable, with an annual price increase rate of 7 to 9 percent and rent rebounding rate of 5 to 7 percent. As a result, many Chinese families might buy properties in Australia if their children travel there to study. “We are promoting luxury villas here because we found many luxury houses in Hong Kong were purchased by people from the mainland in recent years,” said Lipbon Property International Limited’s Colla Lai. Chinese buyers comprise four groups, including immigrant households, overseas student families, wealthy entrepreneurs and people with high incomes, according to market observers. “I was not interested in overseas projects, but I changed my mind after reading these advertisements. It seems that houses in downtown Bangkok are cheaper than those on the fifth ring road of Beijing,” said Wang Lu, a visitor at the expo. “I am not allowed to buy a house in Beijing after the government tightened the real estate market, so I will consider buying one overseas if there is a suitable choice,” she added. Tim Wang, China partner of Fortune RE Group, echoed her statement. He said that with many provinces in China now restricting home ownership to a maximum of two properties, and there being a myriad of new tax measures intended to limit Chinese property investors from buying apartments or houses in China, the inducement for Chinese buyers to invest in overseas property is now greater than ever. Like Fortune RE Group’s Steve Dawkins, Janet Soh Bee Chin from Choice Properties Asia Pte Ltd. participated in the expo as a newcomer. She said that her company came to learn more about consumer demand in China as they prepare to develop this market further. Austar’s Zhang said that although it is convenient to invest in overseas properties through overseas agencies, Chinese consumers should be cautious when choosing an agent and make a trip to the country or region, if possible. China Daily

The Watermark at Sechelt, by Pacific Sprit Properties

Thursday, April 14th, 2011

Spectacular walk-on beachfront

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OCEANFRONT LIVING ON THE SUNSHINE COAST : The Watermark at Sechelt, by Pacific Sprit Properties, is comprised of two six story concrete towers, containing a total of 104 luxury residential suites set to be developed on the last great parcel of oceanfront land in the heart of Sechelt. For complete information contact The Watermark at Sechelt toll free at 1-855-732-4358 or sales manager Bob Michor in Sechelt at 604-740-4735. www.thewatermark.ca

It hasn’t started construction, yet the stunning new Watermark community, located directly on a walk-on pebble beach in downtown Sechelt, and only a short ferry ride from West Vancouver, is destined to establish a new benchmark for luxury oceanfront living on the Sunshine Coast. Being developed by Pacific Spirit Properties, Watermark contains 104 luxury residential suites ranging in size from 650 to more than 1,900 square feet, along with three live work units, 6,000 square feet of commercial space and a waterfront cafe/bistro. Suites will enjoy spectacular, panoramic views of the ocean, inlet and surrounding mountains and, at six floors, Watermark will quite literally be the high point for living on the Sunshine Coast. While final pricing has not yet been set, buyers can expect prices far below what one would pay oceanfront suites anywhere in Greater Vancouver. Watermark’s concrete construction is designed to ensure longevity and low maintenance for owners. Its architectural design combines two contemporary buildings that step-back from the ocean at each level, ensuring expansive private outdoor decks for owners – perfect for BBQ’ing. Sunny southern exposure, park-like landscaping on the 2.6-acre site and a walk-on pebble beach will give owners a resort-like experience. Ian Porter, a principal of the developer stated “It is very unique to have such a spectacular oceanfront property right in the centre of town, so close to all the amenities Sechelt has to offer.” Watermark is steps to the recreation centre, swimming pool, library, downtown shops and just minutes to the regional hospital. “We have crafted this development to appeal to a broad range of people. We envision the lock-and-leave convenience; the adaptability features built in to each suite and proximity to Sechelt’s hospital will appeal to empty nesters. Similarly, the leading edge design, quality of construction and finishes and of course the proximity to shopping and recreation will hold strong appeal for young families”, he said. The pre-sale of suites in The Watermark at Sechelt will start later in April and it is expected that construction will commence by July 2011. For complete information contact The Watermark at Sechelt toll free at 1-855-732-4358, or sales manager Bob Michor in Sechelt at 604-740-4735. The presentation centre will open April 22, 2011 in downtown Sechelt. www.thewatermark.ca Copyright Real Estate Weekly

A One-of-a-kind Entertainment Destination

Wednesday, April 13th, 2011

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Richmone: A rapid transit

Thursday, April 7th, 2011

Peter\Mitham
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Tips for buying in The US

Thursday, April 7th, 2011

Land rush southbound

Frank O’Brien
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