Chinese investors are gaining notice for their interest in South Florida, putting a squeeze on Canadian buyers in search of deals, according to recent reports from Florida real estate agents and researchers. While Chinese investors have long flocked to booming areas such as Manhattan, Bordeaux, London and Australia’s Gold Coast, the South Florida market has proved to be a good investment over and over, resulting in investors buying units sight unseen.
According to John Tuccillo of the trade association Florida Realtors, though Asian buyers are still minor players in the Florida market, they are proving stiff enough competition to the Canadians.
Interest has been highest among Chinese buyers in particular.
According to a recent story from The Star:
“Some of our clients got beat out recently because they were waiting to book flights. Some Chinese investors bought up 35 (townhouse-condo) units without even flying in first,” says Wayne Levy of Toronto-based Florida Home Finders.
“They looked at a picture. They wrote cheques. That’s what’s happening now.”
Asian interest in Florida has “really picked up steam in the last year,” says Levy, whose company is still seeing strong demand from Canadian buyers, but finding it increasingly challenging to find properties under $150,000 as the beleaguered U.S. housing market slowly recovers and the inventory of distressed homes drops.
“They’re seeing the U.S. as a safe haven to put their money,” says Montreal-born realtor Shant Epremian, co-founder of Boca Raton-based Pink Palm Properties, who’s just returned from two weeks in Hong Kong, Beijing and Singapore.
“I am slowly starting to tap into that market because there is a tremendous amount of money there. Buyers are looking for good opportunities and see that Florida is still on sale.”
Just as Chinese buyers have replaced Japanese as the dominant foreign investors on the Gold Coast, Florid will likely see the rise of Chinese investors as they beat out South American (predominately Brazilian) and Canadian buyers. Beyond the low prices of the South Florida market, interest in Florida properties is being driven by tourism and education.
Chinese investors view South Florida development, such as the EB-5 projects Via Mizner, in Boca Raton; Water Pointe, Harbourside Place and ESI Jupiter Technology Park, all of Jupiter, Florida; as solid investments based on technology, tourism and regional economic development. On top of the community-driven and economy-boosting projects, the area’s school systems offer incentive to bring families over to the United States, as opportunity is around every corner.根据佛罗里达地产机构以及研究人员的最新报告，越来越多的中国投资者关注南佛罗里达地产市场，这将挤压原加拿大买家。早些时候，来自中国的买家以浩浩荡荡的队伍进军纽约曼哈顿、伦敦、波尔多以及澳大利亚的黄金海岸地产市场。现在，越多越多的人正关注南佛罗里达，该地区以被证明为投资的最佳选择。
在加拿大蒙特利尔出生，是美国佛罗里达州博卡拉顿Pink Palm Properties地产中介公司的创立者。他两周前刚从香港、北京以及新加坡回来，表示：“亚洲人看好美国，觉得这里是资产安放的最佳地方。”
中国投资者关注南佛罗里达地区的发展。通过EB-5项目，如博卡拉顿的Via Mizner高尔夫度假村项目、Water Pointe亲水高尔夫别墅项目、朱庇特市政中心项目以及ESI科技园等项目了解了更多。凭借佛罗里达高科技产业、旅游业以及当地经济的发展，目前该地已成为众多国际买家的考虑首选。此外，当地丰富深厚的教育资源也给投资者家庭带来更多优势。