China’s favorite Hawaii destinations

Pacific Business News

by Duane Shimogawa Jan 30, 2015, 1:00am HST

 

The following 2014 data on real estate investment trends by Chinese residents was compiled by Juwai.com, a Chinese international property portal.

 

HAWAII LOCATIONS RECEIVING THE MOST INTEREST FROM CHINESE BUYERS:

1) Honolulu, Oahu

2) Kailua, Oahu

3) Kapolei, Oahu

4) Lahaina, Maui

5) Kapalua, Maui

 

TOP COUNTRIES FOR CHINESE REAL ESTATE INVESTORS:

1) United States

2) Australia

3) United Kingdom

 

TOP U.S. STATES FOR CHINESE REAL ESTATE INVESTORS:

1) California

2) Washington

3) New York

10) Hawaii

 

TYPES OF PROPERTIES THAT CHINESE BUYERS ARE LOOKING FOR:

  • Waterfront and water views
  • Luxury suburbs (especially high-net-worth buyers)
  • Close to good public or private schools and universities
  • Southern facing for natural light
  • New construction, renovated, or not needing substantial work
  • Centrally located to shopping, transportation and other amenities
  •  

PRICE RANGE

$1,170,443 — The average property price that Chinese buyers inquire about.

$3 million— The average total real estate budget that buyers report in user surveys.

 

FORECAST FOR CHINESE REAL ESTATE INVESTORS

  • A 15 percent to 20 percent increase in Chinese buyer transactions in the coming 12 months.
  • If China significantly liberalizes capital controls, the flow of money will increase even more.

 

Source: juwai.com