国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Reporter's Journal

US real estate market gets boon

By <A class="" title="" href="http://usa.chinadaily.com.cn/opinion/chenjia.html" target=_blank>Chen Jia</A> | China Daily USA | Updated: 2014-03-31 10:58
Share
Share - WeChat

When Chris Cooper and his wife heard that a house next door to their home in San Mateo was for sale, they decided to take a look at it on its pre-opening day.

"I found I was the only non-native Chinese speaker in the house," said the Deloitte executive.

Cooper has been doing business related to China for 21 years, and recently made a keynote speech at an event focused on providing practical advice to Chinese companies who have invested or will be investing in US commercial real estate.

"We watch what's going in the macro-economy of China. When you watch the currency, you see RMB declined in value in the last four to six weeks," he said.

As the RMB declines in value, there is a pressure on the RMB, he said. "That is going to force the US real estate and commercial real estate sector to even get hotter."

Among the California real estate experts' circles, around $50 billion expected to be invested by the Chinese in overseas real estate in the next five years.

"There were $160 million in transactions our company concluded for Chinese investors in 2013," said Skip Whitney, executive vice-president and partner of Kidder Matthews, a China-focused cross-Pacific real estate group in San Francisco.

"Chinese investors have a hard time adapting to the US marketplace, while friends and family are not necessarily the best way to approach investment strategy," Whitney said.

He noted that the US real estate market has recovered and fewer opportunities are available. For example, residential real estate in the Bay Area has appreciated more than 50 percent, and commercial real estate from San Francisco to Silicon Valley has appreciated more than 40 percent.

"In 2014, Chinese investors have to compete with local rivals for US properties, the dollar is green, no matter where it comes from," he said.

Also, Chinese investors are used to taking their time and forging relationships because of "cultural differences" and the "language barrier", he said.

There was $12 billion worth of projects from Chinese investments in the US real estate over the last 18 months.

In 2014, Vanke teamed up with RFR holdings to build a 61-story residential tower in Manhattan. In 2013, Vanke formed a joint venture with Tishman Speyer to build two luxury high-rise condos of 642 units in San Francisco for $620 million.

1 2 Next   >>|
Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
东乡族自治县| 依兰县| 柞水县| 中阳县| 苏尼特左旗| 渝北区| 黔江区| 汝州市| 青田县| 临西县| 靖远县| 邛崃市| 威海市| 临城县| 兴仁县| 建德市| 昭苏县| 广东省| 太仓市| 临泽县| 汶上县| 马公市| 南阳市| 观塘区| 洪江市| 连南| 大邑县| 额尔古纳市| 敦煌市| 九江市| 嘉义市| 临澧县| 麻阳| 保康县| 亚东县| 桦甸市| 资阳市| 镇宁| 东辽县| 咸宁市| 赤水市|