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Chinese buyers keeping apartments empty 'an urban myth'

After a UBS housing report pointed to as many as one in four homes owned offshore by mainland Chinese buyers being kept empty, and a further quarter used on a "temporary" basis, experts have been quick to say the results do not apply to Australian real estate . Among the naysayers is Jane Lu, head of Australia for Chinese international property site Juwai . She said there was "no hard data" and called the idea of vacant apartments held by offshore buyers as an "urban myth". "Most Chinese buyers of inner- city apartments are not so wealthy that they can afford to leave their property vacant ??? rather than renting it and earning some sort of income. There are some who do not live there full-time, because it is their second home. " Chinese investors are no more likely to turn down easy rent money than are Australians ... Australian second-home owners probably have more vacant properties in Ballina and Byron Bay than Chinese investors do...

How much rent does an expat pay and are they happy renting in the capital?

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Recent data shows that the average rent-to-salary ratio in Beijing is 58 percent. Some expats say they are not surprised because rent is expensive in Beijing. Photo: IC Helena Javitte, 28, from France has just moved into her new apartment in Xinyuan Xili in Chaoyang district. It is her third apartment in her four years in Beijing. For Javitte, who works at Sanlitun SOHO and commutes via scooter, a convenient location is the top priority, followed by the apartment and its price in that order. Her rent is about 40 percent of her wages, but she thinks it's worth the convenience. "I'm willing to spend more money than average on the apartment," she said. According to a recent report released by Shanghai-based E-house China R&D Institute, the average rent-to-income ratio in Beijing is as high as 58 percent, followed by Shenzhen, Guangdong Province with 54 percent, Sanya, Hainan Province with 48 percent and Shanghai with 48 percent. The figure has triggered discussions...

Brand-new 2 br apartment at Cao Hejing Hi-Tech Park

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Brand-new 2 br apartment at Cao Hejing Hi-Tech Park Posted by Kay Zhu August 23, 2017, at 10:25 PM This is a listing posted by a private user . If you contacted this user, and they appear to be a rental agency or have commercial interests such as professionally renting out multiple rooms, please report them to us here. TYPE: Apartment for rent PRICE: 10,000 RMB ROOMS: 2 Bedroom, 1 Bathroom, 1 Storage SIZE: 88 sqm AREA: Hongqiao METRO: 10 mins walk to Caohejing Hi-Tech Park Station COMPOUND: - FLOOR: 4 FURNISHED: Furnished INTERNET: Currently not available - Landlord will install PETS: Not allowed Playground Washing machine Parking TV Oven Dryer DVD-Player Central Aircon Security Health Club Pool Balcony Outdoor Space Elevator Air Filter Water Filter Floor Heating Wall Heating Description This 2-bedroom apartment is in a brand-new housing estate called " Rong Xing Yuan ", which is close to the Cao Hejing Hi-Tech Park. It is also close to the public tra...

Center of Villa district,with big winter garden

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Center of Villa district,with big winter garden 126 Views This is a listing posted by a private user . If you contacted this user, and they appear to be a rental agency or have commercial interests such as professionally renting out multiple rooms, please report them to us here. TYPE: Apartment for rent PRICE: 4,100 RMB ROOMS: 2 Bedroom, 1 Bathroom SIZE: 70 sqm AREA: Songjiang METRO: - COMPOUND: - FLOOR: 5 FURNISHED: Furnished INTERNET: Currently not available PETS: Allowed Playground Washing machine Parking TV Oven Dryer DVD-Player Central Aircon Security Health Club Pool Balcony Outdoor Space Elevator Air Filter Water Filter Floor Heating Wall Heating Description Welcome to the lovely, well-maintained and clean apartment. This Community located in the center of Villa district, nice people around~~~ my apartment in a very center point of Wanke Baima Community . Garden view through window. Room: two bed rooms, one master room and one guest room. also have one liv...

Apartment near Zhongshan Park for Rent

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Apartment near Zhongshan Park for Rent This is a listing posted by a private user . If you contacted this user, and they appear to be a rental agency or have commercial interests such as professionally renting out multiple rooms, please report them to us here. Playground Washing machine Parking TV Oven Dryer DVD-Player Central Aircon Security Health Club Pool Balcony Outdoor Space Elevator Air Filter Water Filter Floor Heating Wall Heating Description One big bedroom with big bay windows towards the Zhongshan Park and the Suzhou River. One living room, one bathroom with bathtub and shower room, one kitchen with oven, refrigerator and washing machine . Central air conditioner and heating system . Very good and luxurious deco. Green and eco environment along the Suzhou-river. First time for rent. Good location between subway station Zhongshan Park and Jing Sha Jiang Road , metro line 2, 3, 4, and 13. Brand new furniture of Burmese rosewood. all household appliances such as TV, Tele...

Visa program offers promise to the poor — then breaks it

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It was the type of celebration that’s become commonplace in the Seaport District . Investors, developers, and other real estate types mingled earlier this summer at a groundbreaking ceremony for Echelon Seaport — $900 million worth of luxury condos and apartments set to rise from a parking lot on Seaport Boulevard. Advertisement Under a big white tent , guests sipped cocktails and listened as Governor Charlie Baker and Boston Mayor Martin J. Walsh touted the glassy, gleaming business district sprouting around them.Away from the festivities, Alex Shing of Los Angeles- based Cottonwood Management — the project’s developer — spoke about the strong interest from investors all over the globe who wanted to buy into Boston’s booming Seaport. Get Talking Points in your inbox: An afternoon recap of the day’s most important business news , delivered weekdays. “This is probably the most valuable piece of dirt in the world,” Shing said. Yet to help finance the project, Cottonwood and its...