Thursday, May 7, 2009

Overseas residents prop up realty

Overseas residents in Beijing are once again showing keen interest in home buys, industry experts said.






ForeignvisitorslookataminiaturerealtyprojectatarealestatetradefairinSuzhou,Jiangsuprovince.[ZhuZihan]

Foreignvisitorslookataminiaturerealty
projectatarealestatetradefairinSuzhou,
Jiangsuprovince.[ZhuZihan]


Hu Hanxiang, manager, Star River, a high-end residential project in Chaoyang District, told China Daily that they have just sold an apartment valued at around 10 million yuan to a Taiwan resident.


"The enquiries for new homes from foreigners has increased along with the rebound in the property market," said Hu.


Hu Yuzhou, manager, Yuanyang Lavie, a project in Beijing's central villa district, said property sales to Hong Kong and Taiwan residents have gone up recently.


Isler, an Italian working with a joint-venture company, is one of the foreigners keen on buying a new residence this year.

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