BEIJING (BLOOMBERG) - Ice Chen, a 36-year-old bank manager in Beijing, hasn't been to Bangkok lately, but she just bought two apartments there.. Read more at straitstimes.com.
BEIJING - Ice Chen, a 36-year-old bank manager in Beijing, hasn't been to Bangkok lately, but she just bought two apartments there.
"The demand is very strong among the middle class holding extra cash," said Liu Yuan, the Shanghai-based head of research at property broker Centaline Group."Purchases have become simpler with online platforms." As a one-stop-shop, Uoolu is also a conduit for purchasers to get mortgages from overseas banks, find tenants and collect rent. Among buyers, about half purchase without visiting the property, while about 22 per cent buy sight unseen and all online, without phone calls or a face-to-face meeting with an agent.
Thailand was the most popular destination last year for Chinese buyers searching through Juwai.com, a site for international properties. Overseas purchases through Jones Lang LaSalle continued to grow last year, while at Homelink Overseas Property, the international unit of one of China's largest realtors, business more than doubled.
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