Chinese Real Estate Investors and Buyers Choose Miami to Invest Their Money to Yield Good Return on Investments
As a Chinese buyer looking for a safe real estate investment or for luxury condos at a reasonable price per square foot in the United States, Miami’s bustling real estate market should peak your interest. According to the Knight Frank Wealth Report, Miami ranks 6th in important cities to ultra high net worth individuals worldwide in 2015 with only London, New York, Hong Kong, Singapore and Shanghai (which also have luxury properties selling around $5000 per sq. ft. versus Miami’s $2000 per sq. ft.) ahead of it, beating Paris, Dubai and Beijing.
CHINESE INVESTORS IN MIAMI
A Chinese affiliate of the American Da Tang Group of New York purchased a development site during the first quarter of 2015 in the Downtown Miami / Brickell area for $74.8 million with the intent to develop the area for condos, shopping, spas, and Chinese fine dining with a chef from China to oversee it.
North of the site, Swire Properties, renowned Hong Kong and Mainland China property developers and developers of Miami’s Brickell Key, will soon be completing the construction of Brickell City Centre by the end of the 2015. Brickell City Centre will feature a 565,000 square foot open air shopping center catering to the upmarket, twin tower condominiums with impressive views, a luxury hotel that is located above 89 serviced apartments which is convenient for part-time residents and visiting family as well as business travelers, and two office towers since Brickell is the financial epicenter of Miami. Brickell City Centre was established to function as an all in one work, live, and entertainment development that caters to an upmarket buyer’s needs, lifestyle, and time efficiency which is characteristic of many of Swire Properties’ developments in Hong Kong and China – creating a city within a city.
While Chinese buyers have historical been interested in purchasing properties in New York, San Francisco, and L.A., their interests have shifted into more affordable large cities like Miami because they see trends in the demography, economy, and housing market that are very similar to New York, with prices that are significantly less than New York enabling you to purchase luxury or new construction at a better value. Plus Miami’s year round warm climate, increasingly well know universities, and luxury pre-construction condos with property values steadily increasing year over year are making Miami a financially sound investment for Chinese buyers.
CHINESE IMMIGRATION WITH U.S. BUSINESS INVESTMENT
Affluent Chinese are also taking advantage of the U.S. federal visa program grants that enable foreigners to immigrate to the U.S. if they invest $500,000 to $1 million and establish a U.S. business. With many development projects on the rise in Miami, Chinese investors are able to capitalize on opportunities to open restaurants, dry cleaners, beauty salons, cosmetic surgery establishments, and Chinese medicine healing centers that offer quality services at good prices. Opening these various types of establishments will enable Chinese investors to bring over their entire family to oversee all the businesses as well.
MIAMI OFFERS LUXURY VACATION HOMES AND INVESTMENT PROPERTY POTENTIAL TO CHINESE BUYERS
For the growing millionaire population in China, Miami provides you with ultra-luxury, beachfront vacation homes some of which can be found on Sunny Isles Beach Florida, which is a 10-minute drive to luxury Bal Harbour Shops, a 30-minute drive to premium outlet mall, Sawgrass Mills, and a 20-minute drive to South Beach. Drive your Ferrari, with license plates saying China888, from Sunny Isles straight down Collins Avenue and have lunch and shop on Lincoln Road in South Beach. Drive back up Collins Avenue to the Fontainebleau Miami Beach Hotel for dinner and nightlife entertainment.
For the Chinese investor purely interested in purchasing property as an investment, Miami has several new construction properties that begin at $275,000 – $650,000 for a one to two bedroom in the Midtown Miami area some of which have been developed by renowned Miami developers and a New York interior design firm. We estimate these units would be easy to rent out to the existing population in Miami who would love to live in new construction however can not afford to buy the unit.
With so many pre-construction high rises being developed from Miami’s downtown Brickell area to Sunny Isles Beach Florida, Miami is a magnet for Chinese condo buyers because it’s a buyer’s market with condos appreciating in value quickly making Miami Beach real estate a good way for Chinese investors to diversify their net worth and limit their investment risk.
CONTACT US
To discuss the financing, taxes, and visa issues related to purchasing Miami Beach real estate, please contact us to schedule a consultation on WeChat at ‘SterlingLuxuryHomes8’.
For more information about Miami pre-construction properties or to conduct a property search from Downtown Miami real estate to Sunny Isles Beach Florida real estate, please click here.
Sterling Luxury Group
info@sterlingluxurygroup.com
Miami Direct: +1.305.356.7326
Office: +1.888.689.1860
Sterling Luxury Homes are experts in working with, Chinese buyers to purchase Miami Luxury Real Estate, Miami pre-construction condos, Miami Beach real estate, Miami Florida real estate, Sunny Isles real estate, apartments for sale in Miami, new construction Miami, pre construction Miami, condos for sale in Miami, Miami Beach condos for sale, and Miami condos for sale.