Luxury Real Estate Blog and News
Majority of wealthy Chinese nationals are spending their fortune mainly on luxury properties, yachts and private jets, based on the latest Luxury Consumer Price Index by Hurun Research Institute.
A restored 19th century townhouse in New York has sold for $26 million to Zhang Xin, CEO of Beijing-based development company SOHO China.
The third edition of the annual Hainan Rendez-Vous took place on April 5th to 8th and drew more high net worth visitors, more yachts, and more ultra-lifestyle brands to the shores of tropical Sanya City than did the two previous editions of the show. The four-day event generated billions of RMB in business, and is receiving strongly positive reviews from sponsors, exhibitors and visitors alike. The 2012 Hainan Rendez-Vous took place April 5th to 8th and was the biggest edition so far of the yearly show that attracts thousands of China's financial elites to the Riviera-like shores of Sanya.