Thursday, July 21, 2011

Property prices soar in Vancouver

Lifestyle of Chinese people has changed a lot. China is no longer reflects the underdeveloped countries and poor people. China's increasingly affluent people, not only in his country, but also abroad.
The proof, property prices in Canada increasingly expensive as more and more Chinese people to buy property in the city of Vancouver. Property prices in the city rose at least 50 percent in the last three years.
Su Yi Bin, a merchant, has just bought a house area of ​​450 square meters. The price? 4.3 million Canadian dollars or equivalent to Rp 38.7 billion. Su lives in Vancouver and Shanghai. When he was in China, he wanted his family comfortable in this new country.
"For my son, grew up and went to school here (Vancouver) will provide an opportunity for him to fully integrate with the world, become part of international life," he said. "It's hard to find in China," continued Su again.
Property prices in Vancouver rose 54 percent in the last three years. Last year alone, prices rose 13 percent. Vancouver real estate agent, Clarence Debelle, seeing so many Chinese who do business in Canada. Only in the last five months, clients in China rose from two to 40 people.
"In West Vancouver, not too many homes available. Buyers China seems to require a lot of houses here. I think house prices will continue to rise," he said.
Seeing the potential market like this, Cam Good build two apartment buildings similar to those in Hong Kong and Beijing.
In China, in some big cities like Beijing, residents are prohibited from having more than two properties. Measuring 70 square meters apartment worth half a million dollars Canadian, or USD 4.4 billion apparently expensive, even with the lure of ocean views.
"We have consulted with a Feng Shui expert to the property is suitable for Chinese people," added Debelle. The result, half of the first 40 buyers of apartment units it is the Chinese people.

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