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WBUR Radio Station, Boston’s National Public Radio Station ​is doing a story about business and real estate development in Boston focusing on the Downtown Crossing and Chinatown area​. It’s one in a series of stories ​about​ the city​’s​ “Square by Square”​.​ WBUR has interviewed and ​feature​d Patty Chen in the story. The story r​a​n on Monday Nov.25th, 2013 from 5:00am to 9:00am on​ the WBUR Channel 90.9 FM. Please take a look at  www.wbur.org
​WBUR广播电台,即波士顿美国国家公共广播电台, 正在做一个关于波士顿商业和房地产开发,专注于市区和唐人街地区的故事。这是有关城市“广场由广场”的系列故事之一。WBUR专访报道了公司总裁陈艺平 (帕蒂·陈)。这个故事在周一Nov.25th,2013从上午5:00至上午9:00在WBUR频道90.9 FM播放。也请看 www.wbur.org

Wealth Created In China Is Returning To Boston

 (The partial transcript of “In Boston’s Chinatown, Longtime Residents Face An Uncertain Future” at WBUR Channel 90.9 FM)

Those jobs that went overseas aren’t coming back, but the wealth that was created in Chinese factories is now returning to Boston. Chinese nouveau riche are investing their money in luxury real estate here in Chinatown.

“They have a lot of cash — a lot, a lot. So in other words, they don’t know where to spend,” said Patty Chen.

But Patty Chen knows. Her company, located in Wellesley,  advises wealthy Chinese clients on how to get visas and move to Boston. She tells them to buy a home in an upscale suburb and then invest in luxury apartments downtown.

“They not only bought one, they bought two, three, four,” she said. “They can call their friends in China and say, ‘Hey, I have all the condos in the center of Boston. Whenever you go, you don’t need transportation. You can walk to everywhere. So convenient! Fresh air, safe foods, clean water. Boston is unique.’ ”

Boston developers are aggressively marketing to the new Chinese investors.

The websites for the luxury buildings are in Mandarin and Cantonese, and in their showrooms are small guardian lion statues, like the big ones protecting the Chinatown gate.

Developer Pangaro says that a quarter of the sales in his building are to international investors — the Chinese attracted to Boston’s high-quality schools and universities.

 Chinatown

 

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