Beijing's housing price rises too fast capital investors intend to move overseas property market

The rapid rise in Beijing's housing prices and the purchasing power of many of its needs have caught the attention of foreign property developers. Reporters yesterday learned that the Beijing Four Seasons exhibition will be held on April 8, a total of more than 60 overseas exhibition projects, or even more than the number of local exhibitors in Beijing.　　In fact, Beijing's investors are already moving overseas. It is reported that these projects from the United States, Canada, Australia and other countries. "The Chinese rich class is exploding, and according to the latest Hurun Wealth report, tens of 875,000 of millions of billionaires have very strong purchasing power." China has become the world's most important source of emerging investment. "Four Seasons Housing exhibition related responsible person discloses.　　Last year, there were only about 20 overseas projects participating in the spring housing show. Dawei, director of the market Research Department of Beijing Zhongyuan Three, said that the reason why there are so many overseas projects to Beijing, the first is because the people's purchasing power is staggering. Before many foreign projects to Beijing to sell houses, is now overseas projects to find investors in Beijing, are because of the rising price of housing, so that a large number of home purchase power can not be released. Second, the foreign economic situation has not been good, the United States and other countries, the real estate market is very cold, the local situation is to sell the house price is not sold, the situation in Beijing is a developer to cover the plate reluctant, in short supply. "Most importantly, Beijing has overtaken foreign prices. The average price of some projects in the United States is now only about 10,000 yuan, but in Beijing the prices can only go to the suburbs.　　"The existence of spreads is also a major reason for the transfer of buyers," Dawei said. In addition, since overseas projects are targeted mainly at investors, investors who have always had a sense of smell are aware of the risk of a bubble in Beijing's property market.　　A person in the industry told reporters that at this time the investment target to foreign countries, low-cost intervention in overseas markets is a wise move. It is understood that the current Beijing's "housing income ratio" has been much higher than international standards. In Hong Kong, for example, at present, local housing prices are about 50,000-60,000 yuan/square meters, but Hong Kong people's per capita income has been tens of thousands, and Beijing's housing prices have entered the "Ben three", but the per capita income is only 3000 yuan, and Hong Kong and most foreign cities, the basic use of land is permanently used　　The land-use life in Beijing is set at 70 years. According to an insider in Zhongyuan Real estate, the company recently accepted a significant rise in the volume of investment in Hong Kong, with 5-10 orders per month.　　and consulting customers in the last one months to reach 100-200 groups of customers.　　The industry also said that since 2009, the world's major currencies to the renminbi has been a substantial depreciation, which has also highlighted the purchasing power of the renminbi. At the same time as the overseas real Estate project to Beijing, the average price of the Beijing project of this spring housing show remains strong. According to Beijing Zhongyuan three market Research department statistics show that the average price of commercial housing in Beijing has reached 25500 yuan/square meters, compared to the March average commodity prices 22885 yuan/square meters up 11.4%.