Visit MIEA – Malaysian Institute of Estate Agents

Visit MIEA

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China's real estate investors on a $200B global spending spree

- In 2007 China's commercial property outflow was less than $1 billion. Now it exceeds $20 billion annually.
- Individuals and corporations in China still have an estimated $200 billion to invest abroad.
- Prominent commercial markets include Hong Kong, Australia, the U.K. and North America, particularly Los Angeles, Miami, New York City, San Francisco, Seattle, Toronto and Vancouver.

In 2015, Wendy Wei Mei Wu, a self-described billionairess housewife, bought a $5 million New Zealand island as a "toy." In 2016 a Chinese tycoon purchased a $270 million Hong Kong home, and HNA Group acquired a $6.5 billion stake in Hilton Worldwide Holdings. In 2017, CC Land Holdings shelled out $1.47 billion for London's "Cheesegrater" skyscraper.

Chinese buyers are increasingly impacting residential and commercial real estate markets globally. At the recent Shenzhen Real Estate Expo, representatives from two dozen companies, including iFeng.com, JLL and Leju, pitched real estate opportunities in Australia, Canada, Dubai, Greece, Malaysia, Spain, Thailand, Turkey, U.A.E., U.K. and the United States.

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Why LA’s tech market is working to woo foreign investors

Nearly 10,000 foreign-owned companies have businesses in Southern California, including 859 that set up shop just last year.

But it’s not enough.

So nonprofit organizations working to boost the region’s foreign-direct investment were wooing interested financiers at the third annual SelectLA Investment Summit late last week.

The conference is a partner with SelectUSA, an annual showcase of U.S. businesses created by an executive order of former President Barack Obama to boost the country’s exports. It takes place next week in Washington, D.C.

Instead of sticking potential investors with marketers chirping about sunny weather, Hollywood and surfing, SelectLA attendees got a dose of reality.

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Boston Third Top Choice of Foreign Real Estate Investors After New York and Los Angeles

Boston is the third top choice of foreign real estate investors after New York and Los Angeles, according to a survey of the members of the Association of Foreign Investors in Real Estate, known as AFIRE. The results of the survey were released last month.

Ninety-five percent of the respondents to the survey said they will maintain or increase their investment in the US. New York City is in its seventh year as the number one US city g foreign investors and is in its third year as top global city.

Both globally and domestically, Washington DC has fallen out of favor. For the first time since the survey began in 1992, it has dropped from the list of investors’ top five US cities.

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Gold Status for 2016

Due to Tri-Counties' tremendous strides to help bring global awareness and education to our members, Tri-Counties' Global Council has been awarded the Gold status for 2016.



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A Night of Jazz with the REALTORS® - for the REALTOR® Village

Join us on October 21 for a fundraising initiative to benefit victims of Typhoon Haiyan in Bogo, Cebu Philippines!

Download A Night of Jazz Flyer

REALTOR® Village Website: www.realtorvillage.info/

Buy Tickets: Buy Your Tickets Online

Watch Video: REALTOR Village - Bogo, Philippines

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More Chinese Buyers Are Coming to America

The influx of money coming in from China to U.S. real estate is reshaping some markets and serving as a major catalyst behind price upswings in some locales, The Washington Post reports. It’s not just luxury properties that Chinese buyers are targeting either.

Buyers from China rank first among foreign nationals purchasing property in the U.S., according to the National Association of REALTORS®. Home sales in the U.S. to the Chinese-born totaled $27.3 billion, but could reach $50 billion by 2025, according to a report by the Rosen Consulting Group and the Asia Society.

Jim Conlan, a real estate broker with Century 21 North Homes Realty in Seattle, says Chinese buyers are behind the major increase in prices in Seattle.

"Chinese buyers have been flooding this market the past few years," says Conlan. "Some of them buy homes sight unseen, while others travel here for a kind of real estate tourism and buy real estate after only one viewing."

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How immigration boosts foreign investment

There’s a long-term economic argument for welcoming immigrants: they attract foreign investment, research suggests.

American counties that historically received more migrants from a given country were significantly more likely to later receive investments from that country, according to research by Stockholm University’s Konrad B. Burchardi, Chicago Booth’s Tarek Alexander Hassan, and Toulouse School of Economics’ Thomas Chaney.

The researchers tracked 130 years’ worth of US immigration data at the county level. Their estimates suggest that doubling the number of residents with ancestry from a particular country would increase the probability of foreign direct investment from that country by 4 percent.

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Is a foreign buyer in your home’s future?

Guess which country had the most foreign buyers of homes in the United States last year: Brazil? Canada? China? Mexico?

Your guess is probably influenced by where you live. For example, living in South Florida, I totally would have guessed Brazil, because I overhear Brazilian Portuguese all the time up here in Palm Beach County, and Brazilians own a lot of houses down in Fort Lauderdale. But Brazil didn't even make the top 5. I visited my hometown of Fort Worth, Texas, over the weekend, and then I would have guessed Mexico.

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Online Property Portals Around the World

Just like buyers in the U.S., buyers across the world tend to begin their search for the perfect home online. However, in many cases these buyers are in countries that might not use the same listing websites commonly used in the U.S. It is easy for us to assume that what is familiar is ubiquitous as well, but this is simply untrue. These websites, known as property portals, are your link to global buyers. What sites are worth your time and how do you assess them?

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Gold Status for 2015

Due to Tri-Counties' tremendous strides to help bring global awareness and education to our members, Tri-Counties' Global Council has been awarded the Gold status for 2015.



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International REALTOR® Conference®

Changing the Landscape of Global Real Estate

Download the Internation REALTOR® Conference Brochure

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N.A.R. Recognizes Tri-Counties Association of REALTORS®

Thanks to inexpensive and easy-to-use online tools, it’s never been easier for real estate practitioners to connect with their colleagues in other countries. The Tri-Counties Association of REALTORS®, based in Walnut, Calif., recently provided an example of how REALTOR® groups can leverage Web resources to communicate with their foreign counterparts.

Read More - A Video Postcard From Southern California

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Ambassador Association

Tri-Counties Association of REALTORS® is proud to announce they have been appointed as the Ambassadors for Malaysia from the National Association of REALTORS®. This is a big honor and as a welcome to our new friends the Global Business Council came up with this welcome video. We hope to meet our new friends at the N.A.R. Conference and Expo in New Orleans, LA this November. If you are interested in joining the Global Business Council please contact our Chair Penny Liu at pennyliu622@hotmail.com.