Riviera - second homes for retirement in Zhuhai, China


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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.

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  • According to the third annual Bryan Cave real estate executives forecast survey done in Mar. this year, nearly 61% of real estate professionals surveyed have plans to invest in real properties outside the U.S. within the next 12 months, despite of threat of terrorism, pandemic virus and continuing military conflict in certain parts of the world. Respondents expressed the greatest interest in investing in one of 2 countries: Mexico 15% AND China 15%. China may announce rules this month aimed at curbing foreign investment in real estate The rules will define what type of foreign investor will be allowed to buy property and are aimed at regulating inflows of overseas funds into real estate and preventing speculation Overseas investors including Citigroup Inc., Morgan Stanley and Goldman Sachs Group Inc. are seeking to gain from China's real estate market as economic growth fuels demand for offices, shops and homes. But Chinese government is stepping up efforts to cool the market to prevent a property bubble. Overseas institutions bought property worth of $3.4 billion in China last year that didn't include many of transactions that can't be tracked and confirmed by individual investors.
  • Riviera - second homes for retirement in Zhuhai, China

    1. 1. Retirement Destination in Zhuhai (China Second Home Paradise)
    2. 2. 61% of U.S. Investors Looking to Buy Properties Abroad (Bryan Cave 2006 R.E. Executives' Forecast 2006 Survey) <ul><li>Greatest interest investing in: </li></ul><ul><li>1. Mexico (15 percent), </li></ul><ul><li>2. China incl. HK & Macau (15 percent), </li></ul><ul><li>3. United Kingdom (12 percent), </li></ul><ul><li>4. Canada (8 percent), </li></ul><ul><li>5. Japan (8 percent). </li></ul><ul><li>Canada, Mexico, Caribbean (Costa Rica, Panama, Belize), Spain, South East Asia (Thailand, Malaysia, Indonesia, Philippine) and now China . </li></ul><ul><li>Some 6.6 million Americans (2.2%) live abroad. </li></ul><ul><li>More exposure to other countries & cultures. </li></ul>Int’l Second Homes Market for American
    3. 3. 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 - The Market for Baby Boomer generation Buyer Motivations & Attitudes <ul><li>Lower Cost of Living </li></ul><ul><li>Increasing Real Estate Investment Value </li></ul><ul><li>Mild Climate and Clean Environment </li></ul><ul><li>Good Infrastructure and Convenience </li></ul><ul><li>Healthcare and Medical Services </li></ul><ul><li>Stable Government, Low Risk and Crime Rate </li></ul><ul><li>Freedom, Leisure and Culture. </li></ul>
    4. 4. Zhuhai – one of most “green” cities China
    5. 5. 珠海渔女 Zhuhai Where is Zhuhai? <ul><li>Belong to the special economic zone of PRD Pearl River Delta region </li></ul><ul><li>West of Hong Kong -soon to be linked by the longest bridge in the world (50 km) </li></ul><ul><li>Land border with Macau. </li></ul>
    6. 6. 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
    7. 7. <ul><li>Zhuhai is a Tourist and retirement destination city. </li></ul><ul><li>The project is in Doumen, a satellite city of Zhuhai. </li></ul><ul><li>Mild subtropical climate, many beautiful natural sceneries. </li></ul><ul><li>Lower living costs vs. Hong Kong, Zhuhai or Shenzhen. </li></ul><ul><li>No polluting industry, very eco-friendly environment. </li></ul><ul><li>Won the Dubai’s International Award for Best Practice in Improving the Living Environment </li></ul><ul><li>Recognized by the United Nation Habitat in 1998 as “The Best Ecologically Suitable City to Live in China” </li></ul>Why pick this place for my Second home?
    8. 8. <ul><li>5 International and Domestic Airports in 100 km radius area </li></ul><ul><li>Hong Kong International Airport </li></ul><ul><li>Macau International Airport </li></ul><ul><li>ShenZhen International Airport </li></ul><ul><li>GuangZhou International Airport </li></ul><ul><li>Zhuhai Domestic Airport </li></ul><ul><li>HK to Zhuhai - Macau Bridge: reduce travel time to < 30 minutes </li></ul><ul><li>Light rails system: Zhuhai to Canton finishing soon. </li></ul><ul><li>Ferry and freeway transports: to Macau, Hong Kong, Shenzhen. </li></ul>Transportation infrastructure
    9. 9. Tourist and Retirement destination <ul><li>Take only 30 min. to visit Macau, the world largest casino & entertainment resort city (Venetian, Wynn, MGM etc.). </li></ul><ul><li>Popular destination for overseas Chinese (incl. Taiwanese). </li></ul><ul><li>Sustainable growth: immigrants from other parts of the world. </li></ul><ul><li>Tourist attractions: international golf courses, hot-spring spas. </li></ul>
    10. 10. <ul><li>ShiRong Zhuhai Property Ltd. is a joint stock public company (listed at Shenzhen stock # 002016) </li></ul><ul><li>The developer has a lot of experiences in planning, designing, construction & marketing of real estate projects </li></ul><ul><li>Southeast Asian style landscape designed by international award winning architecture firm “Belt Collins”. </li></ul><ul><li>This project has 824 acre land reserve to develop15,000+ condo units over the next 5 years. </li></ul><ul><li>The exclusive overseas broker: Zhuhai Hot Property Ltd. (based in Macau and Zhuhai). </li></ul>The Developer of Riviera
    11. 11. <ul><li>Local government has no restriction to foreigner buyers. </li></ul><ul><li>Only pay Deed tax of about 3%. No annual property tax. </li></ul><ul><li>Ownership can be transferred/sold prior to title registration. </li></ul><ul><li>Property transactions secured by legal Chinese contracts. </li></ul><ul><li>Average property price are lower compared to Hong Kong or Shanghai (1/10 th. ), Macau (1/5 th. ) and Shenzhen (1/3 rd .). </li></ul><ul><li>Strong appreciation trend in both currency & property value. </li></ul><ul><li>Prioritized development zone due to construction of US$10B HK – Zhuhai bridge and commercial and university development at nearby Henqin Island by Macau government. </li></ul>Main Advantages of buying a property in Zhuhai
    12. 12. Eco-luxurious Waterfront Community <ul><li>100+ acres of wetland park neighboring Huang Yang river. </li></ul><ul><li>A resort-like community embraced by natural surrounding. </li></ul><ul><li>Lush trees and flowers with 63% “green ratio”. </li></ul>
    13. 13. Riviera Zone 3: the last of phase I development
    14. 14. Huang Yang River Aquatic Villas Airport highway highway to Macau 尖峰山 斗门行政中心 珠 峰 大 道 国家级高新区 机 场 北 路 黄杨河 湿 地 公 园
    15. 19. Main Club House (8000 sq. m.)
    16. 20. Walking Retail Shops
    17. 21. Model units
    18. 22. A5 type: 2 bedrooms + 1 bath, 88.36 sq. m (951 sq. ft.)
    19. 23. B1 type: 2.5 bedrooms + 1 bath, 96 sq. m (1033 sq. ft.)
    20. 24. Features of Finished condos in Tower 9 <ul><li>Type: 2 BA+1 BA to 4 BD+2 BA with balcony views </li></ul><ul><li>Gross area: 842 ft 2 - 1510 ft 2 </li></ul><ul><li>Average price: US$ 100 per ft 2 </li></ul><ul><li>Architectural Design: South East Asia styles </li></ul><ul><li>Balcony views: Huang Yang river, natural wetland area </li></ul><ul><li>Mid-rise 15 storey high-rise tower: 4 - 6 units/floor </li></ul><ul><li>Underground open air car parks w/ elevator access. </li></ul><ul><li>Large glass windows for bright natural lightings </li></ul>
    21. 25. Interior finishing & band-name appliances <ul><li>Wall & ceiling painting, wood & marble flooring </li></ul><ul><li>Video camera and intercom security system. </li></ul><ul><li>Waterproofing, ceramic tiles and walls etc. </li></ul><ul><li>“ Gree” Air-con, ventilation and water heater etc. </li></ul><ul><li>“ TOTO” bathroom lavatory, toilet, shower, tub, vanities </li></ul><ul><li>“ Siemens” kitchen appliances (no refrigerator), </li></ul><ul><li>“ Vifa” ceramic countertop and wooden cabinets </li></ul><ul><li>“ Gorlde” stainless sink and faucets etc. </li></ul>
    22. 26. Floor plans & price of finished units in Tower 9 <ul><li>Payment Terms: </li></ul><ul><li>Price range: US$ 81,000 to $154,000 (2BA/1BA 845 s.f.- 4 BR/2BA 1510 s.f.) </li></ul><ul><li>Security deposit ¥ 50,000 (US$ 7350), balance due in 45 days (cash). </li></ul><ul><li>Referral agent commission paid by buyer: US$ 3000. </li></ul><ul><li>Sign the purchase contract at developer‘s office, or provide use Power of Attorney notarized at a China consulate. </li></ul>
    23. 27. Buyers Profile <ul><li>RMB is still controlled, remit money to HK $ account. </li></ul><ul><li>Must declare & notarize a Chinese name for contract. </li></ul><ul><li>Sales & Purchase contract in Chinese, legalized by lawyer </li></ul><ul><li>Cash payment only within 45 days. Occupancy in 8 mo. </li></ul><ul><li>Foreigner can only buy one unit (anti- speculation policy). </li></ul><ul><li>Stamp duty to be paid upon property registration only. </li></ul>Buying Process <ul><li>Retirees from HK, Taiwan, America, Southeast Asia </li></ul><ul><li>Small investors from Japan, Taiwan and America </li></ul><ul><li>Expatriates and local professional workers </li></ul>
    24. 28. <ul><li>Steady and safe capital growth even without rental income: RMB currency appreciation + property price increase. </li></ul><ul><li>Year-round mild weather (10 - 25 o C) and leisurely retirement living in a very eco-luxury green city. </li></ul><ul><li>Fast & convenient travel. Flights to most major cities in China and the world. </li></ul><ul><li>Senior living in eco-friendly community. Close to shopping and restaurants etc. </li></ul><ul><li>Low cost living and affordable housing. </li></ul>10 Reasons to Buy a Second/Retirement home(1)
    25. 29. <ul><li>Close distance to international cities: Macau and Hong Kong. </li></ul><ul><li>Also world class retreats: golf courses, hot-spring spas etc. </li></ul><ul><li>Near a new hospital with good aged care services. </li></ul><ul><li>Secure gated community with basement parking. </li></ul><ul><li>Visa friendly, temporary residency permits for semi-long term stay available for foreigner. </li></ul><ul><li>Semi-private clubhouses, fitness center, recreation rooms. Low cost licensed nurses and maid helpers, cultural and outdoor activities to make you feel at home. </li></ul>10 Reasons to Buy a Second/Retirement home(2)
    26. 30. Real estate practices: China vs. USA <ul><li>No title insurance, only legal opinion from a local lawyer. </li></ul><ul><li>Government monitors the deposit acct. of developers. </li></ul><ul><li>All contracts are in Chinese and legalized by lawyers. </li></ul><ul><li>Buyers and sellers must pay respective commissions. </li></ul><ul><li>Some cities restrict sales to oversea Chinese & locals only </li></ul><ul><li>Locals prefer to buy “Raw” condos while foreigners prefer to buy “Standard Finish” condos. </li></ul><ul><li>Pre-built secondary market (prior to title registration). </li></ul><ul><li>70 years lease only for land. Deed tax is about 3% . </li></ul><ul><li>Foreigners can not lease out their residential condos. </li></ul>
    27. 31. Considerations in global RE Investment <ul><li>Returns on Investment: emerging or stable market? </li></ul><ul><li>Risks: currency, convertibility, remittance, tax? </li></ul><ul><li>Cash flow: down payment, cash, loan? </li></ul><ul><li>Time frame: assignable/flip, medium terms, long terms? </li></ul><ul><li>Supply and demand: easy to rent or resell? </li></ul><ul><li>Property Management: professional or do it yourself? </li></ul><ul><li>Tax: stamp duty, capital gain, sales tax, income tax? </li></ul><ul><li>Legal: ownership, right of use, leasehold, rental rules </li></ul><ul><li>Others: economy, jobs opportunities, demography, culture, population growth, income level, residency visa, climate, infrastructures, government, safety etc. </li></ul>
    28. 32. Summary: Int’l Real Estate investment: <ul><li>Similarities: </li></ul><ul><li>Prices. </li></ul><ul><li>Costs. </li></ul><ul><li>Investment returns and cash-flows. </li></ul><ul><li>Marketability and market condition. </li></ul><ul><li>Differences: </li></ul><ul><li>Sales tax, transfer tax, income tax, capital gain tax </li></ul><ul><li>Real Estate practices, eg. agency, buyer/seller comm. </li></ul><ul><li>Ownership rights, title registration and transferability </li></ul><ul><li>Currency exchange & regulations </li></ul><ul><li>Payments method, escrow and mortgage </li></ul><ul><li>Real estate laws and rules </li></ul><ul><li>Cultural differences </li></ul><ul><li>Standard measurement units. </li></ul>
    29. 33. 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
    30. 34. For further information, contact <ul><li>Eddy Tsao Santoso, CIPS </li></ul><ul><li>Website: www.globalhotestates.com </li></ul><ul><li>Email: [email_address] </li></ul><ul><li>Telephone: 510-342-5700 </li></ul>
    31. 35. Disclaimer <ul><li>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. </li></ul><ul><li>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. </li></ul>