Los Angeles, CA (PRWEB) May 08, 2012-The 2nd Chinese Investment in the US Real Estate Forum is to be drawing U.S. real estate developers, property owners, financial advisors, attorneys, investment bankers, and industry executives, and venture capitalists, among others, to be educated on the latest happenings in China-US real estate investment.
The June 21, 2012 event, which will take place in Los Angeles, will be centered on real estate investments pouring in from China. Rapid growth in the Chinese economy has created a strong demand for the US real estate market. The number of wealthy Chinese is growing at 9.7% annually, according to the GroupM Knowledge-Hurun Wealth Report 2011.
Additionally, Merrill Lynch and Capgemini's Asia-Pacific Wealth Report 2008 shows that in 2007, high net-worth individuals in China placed 21% of their assets in real estate versus a worldwide average of 14%. The preference the wealthy Chinese show in real estate, along with the current drop in housing prices and a steady RMB, have made real estate investment in the U.S. more appealing than ever before.
In the U.S., the Chinese are now the second-largest foreign buyers of homes, behind Canadians, accounting for $7.4 billion of sales in the 12 months ended March 2011, up 24% from the previous 12 months, according to the National Association of Realtors. Buyers from China and Hong Kong also spent $1.71 billion on commercial property in the U.S. in 2011, more than quadruple their investment in 2008, says Real Capital Analytics. Chinese investors are interested in commercial projects, residential properties, hotels, golf courses, clubs, land, industrial warehouses, office buildings, and shopping centers. The Forum aims to help U.S. companies and individuals tap into more of this Chinese capital.
This year's day-long event will feature some of the most experienced and knowledgeable individuals in the real estate industry. According to Mr. Brian Su, CEO of Artisan Business Group, Inc.,"Individuals or businesses looking for capital investment should not miss this important opportunity to network and make connections that will benefit their needs."
This year's event is being hosted by Artisan Business Group, Inc
