About Chinese exhibition and investors
I flew to China primarily for work. I wanted to learn more about the Asian real estate market at the Shenzhen Real Estate Expo.
The second part of the visit was to build with the person who will be in charge of attracting Asian investors to Moscow in Whitewill a strategy of advertising and contact with the market.
First on the exhibition. There were not many stands. Developers from the Philippines, Thailand, Malaysia, Myanmar and Hong Kong stood with their projects. The biggest stand was of Arab developers - the Chinese like to concrete their money there and buy whole floors.
I was greatly interested in a woman who brought some Canadian projects. She has an agency and signed exclusives. Works out of Montreal. Expanding to Vancouver and Toronto soon. I'm very interested in the Canadian market and I'm thinking of exploring it more closely. I would like to work there too. Prices are good and stability is maximized.
Got to know the organizers. I think whether not to take a stand at the Shanghai exhibition at the end of the year to present Moscow projects to the Asian merchant. The organizers said that from our area know only Neva Towers and now Whitewill.
Went to the local real estate agencies. See what they're selling. The packaging is weak. Prices starting at $10,000 a meter. The market is heated to say the least and resembles a bubble, which you can almost touch. For $500,000 - a studio of 46 meters with a terrible repair.
A foreigner can only buy one apartment in a particular city. No more. You can't rent it out, only live in it. Investors get around this rule by registering a company and buying apartments with it.
We showed our Chinese catalog of Moscow projects to local agencies. We found a database of several hundred Chinese real estate agencies. Because of the mentality, the only way to effectively build a business is to meet. Correspondence doesn't work. We'll have to work.
Set a plan with our team in China to schedule and conduct 100 meetings with local agencies and brokers. To make a Chinese website with Moscow projects that suit their spirit, to set up and run advertising for the Asian market under the code name "Invest in Moscow".
Let's see how this works out.