How Overseas Property Attract Chinese Investors. It’s a pretty interesting topic as there are growing billionaires from China. According to Sardinia’s oldest newspaper L’unione Sarda, there is a recent purchase of a 49-room property with three private beaches. And the buyer is a 33-year-old Chinese woman who has paid €80 million in cash.
Mysterious buyer
The reason why this matter has attracted local attention in Sardinia is because the mansion is known as one of the ‘five high-end estates in the Mediterranean’. The mansion sits on 4 hectares and has 3 private beaches, 49 guest rooms, a movie room, a helipad and a private swimming pool.
The buyer was identified as Nani Wang. And her name is the same as that of a former board director of JD Health International. JD Health International is the healthcare arm of Chinese e-commerce giant JD.com.
She did not use installments, nor did she buy through an offshore company in the Cayman Islands to avoid tax. On April 8, she deposited 80 million euros directly into the Swiss bank account of an American landlord.
However, the Italian media did not know the exact identity of the mysterious female billionaire. So they just called her background as a ‘Chinese e-commerce giant’, 33 years old, born in Jiangsu Province, China.
Overseas property is still attractive to Chinese buyers
It is one of the biggest property transactions by Chinese buyers since 2020. Deep Digital China considers it as the returning signal of Chinese buyers in overseas purchase. As we know, the Covid-19 has influenced economic situation globally. Therefore, some Chinese billionaires were struggling in the past two years. Nevetheless, things are getting better now.
With more Chinese buyers back in the game, it’s time for overseas property to consider marketing to them. Following are some useful tips for reference:
Firstly, what’s your location?
Secondly, is buying overseas property beneficial for getting a permanent residence?
Thirdly, how quick can the transaction get?
If you are aiming at selling overseas property to Chinese buyers, just talk to us!