Overseas Projects Popular Within Mainland Buyers
China's Beijing Real Estate Expo has seen good interest in foreign projects.
Reading various reports and speaking to two companies that attended it's interesting to note that Thailand was present. There were over 80 overseas developers from counties participating hitting double digits.
Both the US and Australia remain popular locations given wealth Chinese who look at sending children aboard for advanced education.
An article in the South China Morning Post said purchasers fall within for groups being high net within individuals, businesspeople, families with students and lastly those intending to immigrate abroad.
One key driver of demand has been astute domestic investors have been put off local purchasers given the governments move to cool off the property sector.
As China's CBD real estate remains highly competitive, the potential to find value with lower entry points abroad is inducing demand.
Laguna Phuket with Banyan Tree recently held a showcase in Hong Kong which by all reports was a success. One of the highest projects products in demand though was for their China based Lijiang Banyan Tree branded property.