riviera - second homes for retirement in zhuhai, china
Post on 20-Oct-2014
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DESCRIPTION
Riviera is a second homes for retirement living in a gated community for oversea Chinese. This eco-luxurious and clean waterfront property has many amenity such as 3000 s.m. clubhouse, big swimming pool, man-man lagoon, walking retail shops, hospital, children playground and other leisurely recreation facilities. It is located only 30 minutes from Macau by car and 20 minutes to the Zhuhai airport, and to be linked to Hongkong with the longest sea crossing bridge in 2016 to become the strongest economic hub in the Pearl River Delta Region at southern China.TRANSCRIPT
Retirement Destination in Zhuhai
(China Second Home Paradise)
61% of U.S. Investors Looking to Buy Properties Abroad 61% of U.S. Investors Looking to Buy Properties Abroad (Bryan Cave 2006 R.E. Executives' Forecast 2006 Survey)(Bryan Cave 2006 R.E. Executives' Forecast 2006 Survey)
Greatest interest investing in:1. Mexico (15 percent),
2. China incl. HK & Macau (15 percent),
3. United Kingdom (12 percent),
4. Canada (8 percent),
5. Japan (8 percent).
•Canada, Mexico, Caribbean (Costa Rica, Panama, Belize), Spain, South East Asia (Thailand, Malaysia, Indonesia, Philippine) and now China.•Some 6.6 million Americans (2.2%) live abroad.•More exposure to other countries & cultures.
Int’l Second Homes Market for American Int’l Second Homes Market for American
Now is a period of rapid growth due to the impact of 74 million Baby Boomers with the heightened interest to live retirement life in foreign countries + real estate investment.
Second Homes at Retirement Destination Second Homes at Retirement Destination - The Market for Baby Boomer generation- The Market for Baby Boomer generation
Buyer Motivations & AttitudesBuyer Motivations & Attitudes Lower Cost of Living Increasing Real Estate Investment Value Mild Climate and Clean Environment Good Infrastructure and Convenience Healthcare and Medical Services Stable Government, Low Risk and Crime Rate Freedom, Leisure and Culture.
Zhuhai – one of most “green” cities China
珠海渔女
Zhuhai
Where is Zhuhai?
• Belong to the special economic zone of PRD Pearl River Delta region
• West of Hong Kong -soon to be linked by the longest bridge in the world (50 km)
• Land border with Macau.
2.5 hours
Zhuhai
Travel within the PRD region
Population:
- Hong Kong 7M
- Macao 0.6M
- Canton 12M
- Shenzhen 9M
- Dongguan 5M
- Zhongshan 2.4M
- Jiangmen 3.7M
- Zhuhai 1.5M
Why pick this place for my Second home?
• Zhuhai is a Tourist and retirement destination city.• The project is in Doumen, a satellite city of Zhuhai.• Mild subtropical climate, many beautiful natural sceneries.• Lower living costs vs. Hong Kong, Zhuhai or Shenzhen.• No polluting industry, very eco-friendly environment.• Won the Dubai’s International Award for Best Practice in
Improving the Living Environment• Recognized by the United Nation Habitat in 1998 as “The
Best Ecologically Suitable City to Live in China”
• 5 International and Domestic Airports in 100 km radius area
• Hong Kong International Airport
• Macau International Airport
• ShenZhen International Airport
• GuangZhou International Airport
• Zhuhai Domestic Airport
• HK to Zhuhai - Macau Bridge: reduce travel time to < 30 minutes
• Light rails system: Zhuhai to Canton finishing soon.
• Ferry and freeway transports: to Macau, Hong Kong, Shenzhen.
Transportation infrastructureTransportation infrastructure
Tourist and Retirement destination
• Take only 30 min. to visit Macau, the world largest casino & entertainment resort city (Venetian, Wynn, MGM etc.).
• Popular destination for overseas Chinese (incl. Taiwanese).
• Sustainable growth: immigrants from other parts of the world.
• Tourist attractions: international golf courses, hot-spring spas.
The Developer of Riviera
• ShiRong Zhuhai Property Ltd. is a joint stock public company (listed at Shenzhen stock # 002016) • The developer has a lot of experiences in planning, designing, construction & marketing of real estate projects• Southeast Asian style landscape designed by international award winning architecture firm “Belt Collins”.• This project has 824 acre land reserve to develop15,000+ condo units over the next 5 years.• The exclusive overseas broker: Zhuhai Hot Property Ltd. (based in Macau and Zhuhai).
Main Advantages of buying a property in Zhuhai
• Local government has no restriction to foreigner buyers.• Only pay Deed tax of about 3%. No annual property tax.• Ownership can be transferred/sold prior to title registration.• Property transactions secured by legal Chinese contracts.• Average property price are lower compared to Hong Kong or Shanghai (1/10th.), Macau (1/5th.) and Shenzhen (1/3rd.).• Strong appreciation trend in both currency & property value. • Prioritized development zone due to construction of US$10B HK – Zhuhai bridge and commercial and university development at nearby Henqin Island by Macau government.
Eco-luxurious Waterfront Community
• 100+ acres of wetland park neighboring Huang Yang river.
• A resort-like community embraced by natural surrounding.
• Lush trees and flowers with 63% “green ratio”.
Riviera Zone 3: the last of phase I development
尖峰山 斗门行政中心
珠 峰 大
道
国家级高新区
机 场
北 路
黄杨河
湿
地
公
园
Huang Yang River
Aquatic Villas
Airport highway
highway to
Macau
Main Club House (8000 sq. m.)
Walking Retail Shops
Model unitsModel units
A5 type: 2 bedrooms + 1 bath, 88.36 sq. m (951 sq. ft.)
B1 type: 2.5 bedrooms + 1 bath, 96 sq. m (1033 sq. ft.)
Features of Finished condos in Tower 9
Type: 2 BA+1 BA to 4 BD+2 BA with balcony viewsGross area: 842 ft2 - 1510 ft2
Average price: US$ 100 per ft2
Architectural Design: South East Asia stylesBalcony views: Huang Yang river, natural wetland areaMid-rise 15 storey high-rise tower: 4 - 6 units/floorUnderground open air car parks w/ elevator access.Large glass windows for bright natural lightings
Interior finishing & band-name appliances
Wall & ceiling painting, wood & marble flooringVideo camera and intercom security system.Waterproofing, ceramic tiles and walls etc.“Gree” Air-con, ventilation and water heater etc.“TOTO” bathroom lavatory, toilet, shower, tub,
vanities“Siemens” kitchen appliances (no refrigerator), “Vifa” ceramic countertop and wooden cabinets“Gorlde” stainless sink and faucets etc.
Floor plans & price of finished units in Tower 9
Payment Terms:
1.Price range: US$ 81,000 to $154,000 (2BA/1BA 845 s.f.- 4 BR/2BA 1510 s.f.)
2.Security deposit ¥ 50,000 (US$ 7350), balance due in 45 days (cash).
3.Referral agent commission paid by buyer: US$ 3000.
4.Sign the purchase contract at developer‘s office, or provide use Power of Attorney notarized at a China consulate.
Buyers ProfileBuyers Profile
RMB is still controlled, remit money to HK$ account.Must declare & notarize a Chinese name for contract. Sales & Purchase contract in Chinese, legalized by
lawyerCash payment only within 45 days. Occupancy in 8 mo.Foreigner can only buy one unit (anti- speculation policy).Stamp duty to be paid upon property registration only.
Buying ProcessBuying Process
Retirees from HK, Taiwan, America, Southeast Asia
Small investors from Japan, Taiwan and America
Expatriates and local professional workers
1. Steady and safe capital growth even without rental income: RMB currency appreciation + property price increase.
2. Year-round mild weather (10 - 25oC) and leisurely retirement living in a very eco-luxury green city.
3. Fast & convenient travel. Flights to most major cities in China and the world.
4. Senior living in eco-friendly community. Close to shopping and restaurants etc.
5. Low cost living and affordable housing.
10 Reasons to Buy a Second/Retirement home(1) 10 Reasons to Buy a Second/Retirement home(1)
6. Close distance to international cities: Macau and Hong Kong.
Also world class retreats: golf courses, hot-spring spas etc.
6. Near a new hospital with good aged care services.
7. Secure gated community with basement parking.
8. Visa friendly, temporary residency permits for semi-long term stay available for foreigner.
9. Semi-private clubhouses, fitness center, recreation rooms. Low cost licensed nurses and maid helpers, cultural and outdoor activities to make you feel at home.
10 Reasons to Buy a Second/Retirement home(2) 10 Reasons to Buy a Second/Retirement home(2)
Real estate practices: China vs. USAReal estate practices: China vs. USANo title insurance, only legal opinion from a local
lawyer.Government monitors the deposit acct. of developers.All contracts are in Chinese and legalized by lawyers.Buyers and sellers must pay respective commissions.Some cities restrict sales to oversea Chinese & locals
onlyLocals prefer to buy “Raw” condos while foreigners
prefer to buy “Standard Finish” condos.Pre-built secondary market (prior to title registration).70 years lease only for land. Deed tax is about 3% .Foreigners can not lease out their residential condos.
Considerations in global RE InvestmentConsiderations in global RE InvestmentReturns on Investment: emerging or stable market?Risks: currency, convertibility, remittance, tax?Cash flow: down payment, cash, loan?Time frame: assignable/flip, medium terms, long terms?Supply and demand: easy to rent or resell?Property Management: professional or do it yourself?Tax: stamp duty, capital gain, sales tax, income tax?Legal: ownership, right of use, leasehold, rental rulesOthers: economy, jobs opportunities, demography,
culture, population growth, income level, residency visa, climate, infrastructures, government, safety etc.
Summary: Int’l Real Estate investment:Summary: Int’l Real Estate investment:
Similarities:• Prices.• Costs.• Investment returns and cash-flows.• Marketability and market condition.
Differences:• Sales tax, transfer tax, income tax, capital gain tax • Real Estate practices, eg. agency, buyer/seller
comm. • Ownership rights, title registration and
transferability• Currency exchange & regulations• Payments method, escrow and mortgage• Real estate laws and rules• Cultural differences• Standard measurement units.
Diversify into International Real Estate Property Select a Global Business Partner and take
advantage of all the world has to offer
Certified International Property Specialist
For further information, contact
Eddy Tsao Santoso, CIPS
Website: www.globalhotestates.com
Email: [email protected]
Telephone: 510-342-5700
Disclaimer The information above has been obtained from sources
believed to be reliable. While we do not doubt its accuracy, we
have not verified it and make no guarantee, warranty or
representation about it.
It is your responsibility to independently confirm its accuracy
and completeness. Any projections, opinions, assumptions or
estimates used are for example only and do not represent the
current or future performance of the property. The value of this
transaction to you depends on tax and other factors which
should be evaluated by your tax, financial and legal advisors.
You and your advisors should conduct a careful, independent
investigation of the property to determine to your satisfaction the
suitability of the property for your needs.