Why Chinese international property demand is rising
Chinese buyers want a stable investment rather than a high return, says a company chief who has been involved in a new international property website launch. ACProperty.com.au, which is one of AustraliaÕs leading Chinese language property portals, has launched Sodichan.com in a joint venture with ListGlobally. The new site will be run by the Melbourne-based ACProperty directors Esther Yong and Ivy Xiao. The site brings together global syndicated listings from 50,000 global property developers and agents in Bulgaria, Turkey and Morocco and other countries with ACPropertyÕs listings in Australia under one Mandarin-only website. Sodichan.com plans to have more than 3million international properties listed on the site to satisfy the thirst for Chinese investors looking for home abroad. Ancillary services like Chinese speaking lawyers, brokers, concierge services will also be offered. On top of this, Sodichan will be working with developers to curate a list of new developments across UK that are appealing to Chinese investors, make them ÒChina readyÓ and distribute it to China-based agents to market and sell to their database of investors. its China agent network is requesting for more stocks from UK, especially student apartments with rental guarantee and buy back scheme. Esther Yong was recently in London, speaking to a few developers and agents working out a structure to launch their developments in China.