Chinese U.S. Real Estate Demand Tip of the Iceberg
ByABBY SCHULTZ in BARRON’S
http://www.barrons.com/articles/chinese-u-s-real-estate-demand-tip-of-the-iceberg-1463706667
2016年5月, 中国人对美国房地产的需求只是冰山一尖
转载巴伦周刊By ABBY SCHULTZ
转载巴伦周刊By ABBY SCHULTZ
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As its markets slide, its economy weakens, and its currency declines, many wonder if Boston’s real estate market will suffer — but short-term, it may gain.
HIROYUKI KOTAKE, Nikkei Washington bureau chief
There have been four waves of immigration to the U.S.: 1) Native Americans; 2) immigrants from Western and Northern Europe and slaves from Africa from the 16th century to the 19th century; 3) immigrants from Southern and Eastern Europe, the Middle East and the Caribbean in the 19th and 20th centuries; and 4) immigrants from Latin America and Asia after World War II.
The fourth wave has accelerated since 1965. President Lyndon Johnson eased restrictions on the number of immigrants to be accepted from each country, and as a result the number of immigrants from Latin America and Asia, which had been suppressed under stricter limits than those on people from Europe, started rising sharply. Their fertility rates are also generally high, which is helping drive the steady expansion of the U.S. population.
The lead player in the fourth wave is about to shift from Latinos to Asians. In 2013, the U.S. accepted a total of more than 1.2 million immigrants. The top spots were dominated by Asian countries, with 147,000 people from China and 129,000 from India, exceeding the 125,000 from Mexico. Immigrants from South Korea and the Philippines have also kept climbing. The recent trend underscores the fact that Asia, a region with a diverse mix of countries and huge populations, is gaining greater presence in the U.S.
Furthermore, diligent Asians earn high incomes and achieve high education. Statistics in 2013 showed that their median household income was $72,000 and people aged 25 or older who have a bachelor’s degree or higher stood at 51%, considerably higher than the U.S. national average of $52,000 and 30%. This is another reason that Asians are increasing their presence in the country.
Patty Chen runs a real estate company in the suburbs of Boston, Massachusetts. “We not only arrange contracts to buy a house; we support many things, such as kids, fixing up a house and finding shops. They come to us for support.” She said she has received requests from Chinese clients looking to buy houses for cash. These customers hope to immigrate to the U.S. for their children’s education or to protect their assets, even though they may not be fluent in English.
According to the Selig Center for Economic Growth at the University of Georgia, the purchasing power of Asians in the U.S. totaled $770 billion as of 2014 — 19th in the world if compared with gross domestic product data — larger than Saudi Arabia and Switzerland. One estimate by Selig showed that their purchasing power will continue to expand and top $1 trillion in 2019. The increase in the number of Asians, who are relatively young and wealthy, might serve as a tailwind for the U.S. economy, which has been struggling with the aftereffects of the financial crisis and its aging population.
A huge crowd cheers Indian Prime Minister Narendra Modi at Madison Square Garden in New York on Sept. 28, 2014.© Reuters
Meanwhile, the higher Asians’ economic status becomes, the bigger say they have in the country. In September 2014, about 19,000 people reportedly gathered at Madison Square Garden in New York to show their support for Indian Prime Minister Narendra Modi during his first visit to the U.S. since taking office. The Indian group that organized the event claimed it was the largest ever in the U.S. to welcome a foreign leader. MR Rangaswami, an Indian investor who participated in the event, said, “That was a big milestone event that the community can look back on and feel proud.” He is also involved in lobbying and takes as an example Jewish-Americans. By learning about their political and charity activities, he tries to boost the recognition of the Indian-American community in the U.S. as well as the national interests of India. Lobbying campaigns by Indian residents were also the driving force behind the U.S.-India Civil Nuclear Agreement, which took effect in 2008.
Louisiana Gov. Bobby Jindal formally announces his campaign for the 2016 Republican presidential nomination in Kenner, Louisiana, on June 24. © Reuters
“My dad told me as a young kid that Americans can do anything. I believed him then, and I believe it now,” said Bobby Jindal, the Republican governor of Louisiana. On June 24, he announced his candidacy for the presidential race in 2016, becoming the first Indian-American to become a major contender. Nikki Haley, the Republican governor of South Carolina and another Indian-American, is also mentioned as a vice-presidential candidate. In the not-too-distant future, an Asian American may become the most powerful person in the U.S.
Nikkei staff writers Tomoko Ashizuka, Michiko Kageyama in New York and Yuichiro Kanematsu in Silicon Valley contributed to this story.
http://www.wellesleyweekend.com/parade.html
March 03, 2015 10:45AM The Real Deal
By E.B. Solomont
– See more at: http://therealdeal.com/issues_articles/the-year-of-the-chinese-investor/
For more than two decades, China’s most populated city, Shanghai, has experienced a building frenzy unlike any other: Developers have built office buildings in the city of 24 million as far as the eye can see, including skyscrapers like the under-construction Shanghai Tower, one of the tallest in the world.
But increasingly, Chinese developers and investors are looking elsewhere to build. And a fast-growing number are setting their eyes on New York.
Chinese investors pumped more than $3 billion into the New York real estate market last year. That was nearly 43 percent more than they invested in 2013. And it appears to just be the tip of the iceberg.
With China’s economy cooling, investors are throwing their money into deals in New York. And it’s not just individual Chinese buyers snapping up condo units these days. Institutional players, investors and developers, who’ve made a splash buying trophy buildings over the past two years, are not only continuing to ramp up purchases, but also are accelerating their involvement in condo development and looking for developable New York land.
“There’s a whole lot of capital in Asia that wants to be invested [here],” said Kevin Swill, chief operating officer of the New York-based Carlton Group, a real estate investment banking firm. “They look to the U.S., even with ups and downs, and it’s still the most stable real estate market in the world.” …..
The visa announcement came just after President Obama’s arrival in Beijing, where he addressed Asian business leaders at a summit of the Asia-Pacific Economic Cooperation. Under the visa agreement, business and short-term tourist visas will be valid for 10 years, while student and cultural exchange visas will last for 5 years, putting China on level footing with other major trade partners like Brazil and several European countries. Currently, such visas expire after one year. “I’ve heard from American business leaders about how valuable this step will be. And we’ve worked hard to achieve this outcome because it clearly serves the mutual interest of both of our countries,” Obama said.
中新社华盛顿11月10日消息,白宫10日表示,美方将于本月12日起实施对华新签证措施,为前往美国从事商务和旅游活动的中国公民颁发有效期最长为10年的多次入境签证,为赴美留学的中国公民颁发有效期最长为5年的多次入境签证。
美国总统奥巴马当地时间10日在北京宣布对华新签证措施,中国公民赴美商业旅游签证将延长至10年,赴美学生签证将延长至5年。中方同日表示,中美经过友好协商并本着平等互惠原则,已就互为对方商务、旅游和留学人员颁发长期多次签证达成共识,这将便利中美两国人员往来,对促进各领域交流与合作具有重要意义。
白宫在当天发布的声明中说,新的签证安排将进一步密切美中经贸、投资、商业和人文联系,美方将于2014年11月12日根据新的互惠协议发放签证。白宫同时表示,放宽美国公民赴华签证措施也有利于提振美国出口,加强两国经贸联系。
白宫说,中国目前是世界上出境旅游增长最快的国家,长期以来美国一直是中国旅客向往的目的地国,但每年仅有低于2%的中国出境旅客选择美国,其中出行成本和签证问题是最受关注的两个问题。
根据白宫发布的数据,2013年共有180万中国旅行者访问美国,为美国经济做出211亿美元贡献,帮助美国增加了10.9万个就业岗位。白宫预计,实施“有竞争力”的签证政策后,到2021年将有730万中国旅行者来到美国,为美国经济贡献850亿美元,帮助美国增加44万个就业岗位。
11月12日,美国国务卿克里在北京美国驻华使馆签证大厅,为首批获得10年有效美国签证的中国公民颁发签证。当地时间12日在华盛顿的中国驻美使馆也发出了首张10年有效期美国赴中国签证。
Our students departed with much improved skill in English and life time friendships and experiences. The testmonials from this year’s students are as following: “It has been a good experience, and I think, in the future this will be really useful”. ” It is a lovely place to study and live in Tufts University campus. All of the people there are friendly”. ” The program is meaningful, thought-provoking, interesting , and a great place to spend the summer with all of the nice people”. ” We can learn about many different cultures in the program and make many friends”.
中国日报 http://usa.chinadaily.com.cn/epaper/2014-07/10/content_17704145.htm
网易财经 http://money.163.com/14/0710/09/A0PHTL4R00253B0H.html
China may be the second-largest economy in the world, but when it comes to buying residential real estate in the United States, it’s No. 1.
Foreign purchases jumped to 35 percent last year, and Chinese customers led the way with $22 billion out of the $92.2 billion total spent by foreign buyers in the US real estate market, according to a report by the National Association of Realtors (NAR).
“We live in an international marketplace; so while all real estate is local, that does not mean that all property buyers are,” NAR President Steve Brown said in the report released on Tuesday.”Foreign buyers are being enticed to US real estate because of what they recognize as attractive prices, economic stability and an incredible opportunity for investment in their future.”
From April 2012-March 2013, Chinese customers spent approximately $12.8 billion in the US market, according to the NAR, and the previous year foreign buyers spent $68.2 billion on US real estate.
“The US real estate market is a relatively safe investment,” said Selma Hepp, senior economist at the California Association of Realtors (CAR). “Maybe there’s not that much confidence in the banking system in China, so the strong property rights in the US drive a lot of that demand. Also, the housing prices in the US are still affordable compared to the rest of the world,” she told China Daily on Wednesday.
The NAR said that among the hot areas for Chinese buyers are Irvine, California, and Los Angeles’ San Gabriel Valley, home to several Asian-immigrant communities.
“They’re interested in already established Chinese communities, in California and they are the predominate buyers there,” said Hepp.
International buyers are more likely to make all-cash purchases when compared to domestic buyers, she said. In 2014, nearly 60 percent of reported international transactions were all cash, compared to only one-third of domestic purchases, said the NAR.
The CAR released a survey in April that showed an increase of 8 to 9 percent of international buyers in California, with the majority being Chinese middle-aged males of high income who paid cash.
Many foreigners seek areas based on the distance from their home country, presence of relatives, climate, and education opportunities, where their children can learn English.
Hepp said that California has always been a popular market for Asian investors, especially Chinese.
Chinese buyers tend to target higher-priced markets, such as California, Washington, and New York, according to the NAR’s report.
Sofia Falleroni, an associate broker at Town Residential in New York City, told China Daily that she will close on a $6.25 million apartment sale in the city’s West Chelsea area to a Chinese buyer in January 2015.
“The New York market has been considered a stable market for the past 40 years, even with its up and downs,” said Falleroni, who said she has worked with at least10 Chinese buyers in the past year. “Buyers coming from China are looking to establish a presence in the US. New York is a place where there are a lot of opportunities, for not only real estate, but also the job market, the best education.”
Chinese buyers have been interested in the US market in recent years, ever since the 2008 financial downturn, after which they saw New York as one of the safest places to invest, said Richard Grossman, executive vice-president and managing director at New York-based Halstead Property.
“[Foreign investors] from countries with a good economy, tend to look to diversify in the US,” said Grossman. “New York is a good place for investors to put their money in because New York is one of the financial capitals of the world.”
http://news.ifeng.com/a/20140413/35728416_0.shtml
http://news.163.com/14/0413/11/9PN5LU1100014JB5.html
http://online.wsj.com/news/articles/SB10001424052702303779504579467522202091120
April 11th. 2014 on Friday, The Wall Street Journal News Paper: …Since 1978, more than 2.6 million Chinese students have gone to school abroad, according to the latest statistics available from China’s Ministry of Education. And the number of Chinese students studying abroad increased nearly 18% in 2012 compared with 2011. In a survey published last year, about 80% of high-net-worth Chinese individuals said they planned to send their children overseas to study, according to the Hurun Research Institute, which tracks China’s wealthy individuals. At the same time, the cost of real estate in big cities such as Hong Kong, Beijing and Shanghai has skyrocketed, making a $1 million condo in Boston look like a relative bargain. “In Beijing you can buy a home for about $600 a square foot,” says Patty Chen, founder of the PattyC Property Group, which helps Asian buyers find real estate in the U.S. “In Boston, you can buy a home for about $400 a square foot.”…
据美国《华尔街日报》2014 年4月11日星期五报道,…几个月前,纽约的房地产经纪人布朗向一位来自香港的女士出售了一套公寓。这套公寓位于曼哈顿的One 57大楼,带有两间卧室、三个盥洗室(其中一间没有淋浴设备),售价650万美元。布朗说,这位女士的购房理由是,她的女儿(现在2岁)将来如果决定上纽约大学或者哥伦比亚大学,这套公寓可能会用得上。布朗表示,现在他的客户计划将公寓出租,估计每年的投资回报率在3%,这样做同时兼顾了家庭和理财计划,可谓一举两得。他说,在美国人们会制定一个1年或者3年计划,但中国人通常都是制定20年计划。自1978年以来,有超过260万中国学生赴海外留学。2012年,中国留学生数量较2011年增长了近18%。据追踪中国富人的胡润研究院称,去年公布的一项调查显示,约80%的中国富人表示他们计划将孩子送到国外上学。与此同时,香港、北京、上海等大城市的房价一路飙涨,这让波士顿一套100万美元的公寓看上去相对不太贵。派蒂克房地产集团帮助亚洲买家在美国买房地产, 它的创始人陈艺平表示,北京房价现在约每平方米人民币4万元,而在波士顿,只要400美元就能买下一平方英尺(约合每平方米人民币2.67万元…
It’s the largest-city in New England and the sister city of Hangzhou, China, and come June it will become another direct-entry point for Chinese travelers as Hainan Airlines launches its Beijing-to-Boston service.
Hainan, the fourth-largest airline in China, will initiate the nonstop service to the city that has been the largest US market without direct flights to China. Hainan Airlines Group secured federal approval for the flights in December.
“Business, leisure and educational travel and trade between the United States and China have been growing dramatically,” Pubin Liang, managing director of Hainan Airlines in North America, said in a Dec 4 press release. “This wonderful new link will stimulate this growth via the important Boston gateway.”
Massachusetts is one of the biggest markets for Chinese tourists, with close to 150,000 travelers visiting the state in 2012.
Hainan Airlines expects to serve close to 5,000 travelers a month on the new route, according to a filing with the US Department of Transportation.
Massachusetts Governor Deval Patrick and the Massachusetts Port Authority (Massport) have been working with Hainan since 2007 to secure the service.
The service “will open up new commercial and economic opportunities,” Patrick said in a Dec 4 Massport press release. Getting nonstop service to China has been a long sought goal for Massachusetts, said Thomas P. Glynn, Massport’s CEO.
Air travel between the US and China has become increasingly profitable, thanks in large part to more fuel-efficient planes like the Boeing 787, so a number of US and China-based airlines have responded with intentions to increase the number of flights they offer.
Earlier this year Hainan Airlines doubled its direct flight service between Beijing and Chicago, pushing the number of weekly flights to four.
According to the Office of Travel and Tourism Industries, China accounted for almost 1.5 million visitors to the US in 2012. A 35 percent increase in Chinese visitor volume was the largest percentage change among the top 10 international visitation markets.
In addition to the Boston-Bejing service, Logan Airport is also adding several other major international routes, including new flight service to cities such as Panama, Dubai and Istanbul.
jackfreifelder@chinadailyusa.com (China Daily USA 01/07/2014 page2)
你想体验美国著名校園生活和每天練習英文吗?
想到哈佛校园走一趟吗?
想了解美国怎么从殖民地变成独立国吗?
波士頓有历史有文化又有龍蝦吃和波士頓紅襪隊看
波士頓 是好地方,夏天尤其好,美国總統都来离波士頓不远的島上
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美亚商旅集团 -波士顿总裁陈艺平女士 (Patty Chen)表示,为了让更多的中国学生在美国名牌大学校园里上英
1) 我们将為学生发I-20表, 为学生得到学 生 签证F -1。 学生们在美国的所有学习、生活和课外活动,
2) 报名截止日2014年 5月 15日。招生对象包括高中生, 大学生,和研究生.
3) 为学生家长一起来的签证和来美国后的需要提供所有的服务. 详细联系: 电子邮箱: office@pattycproperty.com 美国电话:781-559-0564 中国免费直拨美国:950-4037 8774
4) 夏季班结束后,学生将得到结业证书, 可以作为申请美国大学的有力凭证。
(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.
http://news1.uschinapress.com/united/20130909/81439.html
Thousands of Chinese are fleeing to the United States. We are not talking about impoverished peasants hiding in cargo containers. We’re talking about millionaires flying first class and buying condos in the choicest ZIP codes. A big reason for this relocation, real estate agents say, is a desire for America’s clean air, as opposed to China’s suffocating smog.
Welcome to the new world of environmental immigration. These are not the “huddled masses” immortalized on the Statue of Liberty’s poem, but they are — quite literally — “yearning to breathe free.”
One can see the point of leaving China if you have the resources. Rust-colored toxic wastes choke its rivers. Sooty air makes eyes itch. And public-health crises in some industrial towns have reached the level that they’re being called “cancer villages.” Who wants to expose the family to that if you can live under Boston’s blue skies and in close proximity to the select U.S. universities you want your kids to attend anyway?
About a quarter of recent buyers for Boston’s top luxury condos have been foreign investors, especially from China and other parts of Asia. A local entrepreneur, Patty Chen, runs a soup-to-nuts relocation service, America Asia Business Tour Group-Boston, helping out with immigration visas, real-estate services, and advice on schools and neighborhoods.
You wonder whether China’s environment would have been allowed to get so putrid if rich Chinese had to gasp the same air as the toilers. One can’t blame them for wanting to escape, but still you wonder.
http://www.heraldnet.com/article/20130905/OPINION04/709059961
http://seattletimes.com/html/opinion/2021764292_fromaharoopcolumnchinaenvironmentxml.html
http://www.bostonreb.com/2013/06/chinese-and-other-foreigners-snap-up-properties-in-boston/
http://www.empadvisers.com/
http://www.tourismoil.com/index.php/asia-tour/245-america-asia-business-tour
http://rockthetruth2.blogspot.com/2013/06/sunday-globe-special-house-hunting-in.html
中新网9月10日电 据美国侨报网编译报道,近来,众多中国富豪前往美国购买房产。对此,多名房地产代理商表示,由于中国大都市空气污染严重,中国富豪在美国买房的一个重要原因是渴望呼吸新鲜空气。
据《普罗维登斯杂志》(The Providence Journal)编委会成员、专栏作家弗洛马·哈洛普(Froma Harrop)9月8日撰文称,中国富豪买房的重要原因是渴望美国的新鲜空气。
哈洛普提到,在波士顿,四分之一购买豪华公寓的购房者是国外投资者,其中,来自中国与其它亚洲国家的购房者较多。位于波士顿的“美亚商旅集团”(America Asia Business Tour Group-Boston)的老板帕蒂·陈(Patty Chen,音译)致力于为外国人提供购房咨询,该公司为移民提供签证服务、房地产服务、学校与社区选择咨询服务。
除了波士顿,中国购房者也纷纷涌入纽约曼哈顿区买房,房地产经济公司纽约证券(Bond New York)的工作人员迈克尔·陈(Michael Chen,音译)表示,中国购房者喜欢纽约的新鲜空气,同时,在纽约能够更好地平衡家庭与工作的关系。
哈洛普认为,在美国,虽然富裕地区的空气质量较好,但贫困地区仍存在污染现象。为了治理环境,美国已经放弃了全球制造业的优势,而这是保护环境必要的代价。
http://reader.peopledaily.ca/content.aspx?qkid=61&pageid=805&id=3136
http://news1.uschinapress.com/united/20130909/81439.html
http://edu.163.com/13/0702/10/92P8H75P00294III.html
http://www.china.com.cn/travel/txt/2013-07/02/content_29296166.htm
http://finance.jrj.com.cn/2013/07/02100315472619.shtml
http://microreading.chinadaily.com.cn/hqpl/zggc/2013-09-10/content_10075552.html
http://www.iask.ca/news/world/2013/0702/207596.html
http://news.sina.com.cn/c/2013-07-02/095427553501.shtml
http://huaren.haiwainet.cn/n/
http://news.singtao.ca/
帕蒂·陈