Spark Global Limited Reports:
In January this year, the land of Po Mo’s Ioco Lands was bought by a Chinese company. (Photo by Metro Vancouver Port Authority)
Colliers Commercial real estate report notes that Chinese investment flows into Canada only ( listing ) the residential property market, and more recently to see Chinese companies buying commercial real estate, including the sale of large main January a Chinese company bought the Port Moody (Port Moody ) A piece of 232 acres of land.
A real estate agent in Great Vancouver pointed out that some Chinese businessmen with capital are no longer satisfied with just investing in residential real estate, but will look for suitable land, willing to buy it first, raise the land and then change hands at a suitable time, or set up a local company. Do large-scale development again.
The Colliers Commercial Real Estate report stated that Chinese funds flowed into Canada’s commercial real estate market. One example was the purchase of 232 acres of land originally owned by Imperial Oil by the Chinese-funded Brilliant Circle Group in mid-January this year.
Chinese buyers can buy large tracts of land alone
Some Chinese real estate agents pointed out that many Chinese immigrants who have funds on hand want to invest in Canada. Buying detached houses or residential properties such as Bowen is relatively easy for them to start investing.
He said that it was really difficult to invest in the commercial real estate market right away due to unfamiliar places. However, these Chinese buyers usually invest in commercial real estate in China, such as buying land or buying office buildings. If the commercial property market is mastered, some will begin to invest.
Another Chinese real estate agent said that in Richmond and Vancouver ( houses ), there have been more Chinese businessmen or immigrants investing in commercial real estate in recent years. First buy a large plot of land that can earn rent, and then wait for development opportunities.
He said that when Chinese buyers buy large tracts of land, some are only relying on their personal financial resources, not necessarily by the company. After the purchase, they can change hands to make a profit according to the situation, or they can establish a local company or cooperate with others. Carry out large-scale development.
Reprint indicated source：Spark Global Limited information