There are new restrictions on cash transfers from China and this will temporarily slow but not stop the flow of funds to the U.S. real estate market. This is good news for the US real estate market including Seattle, which has witnessed increasing purchases from foreign buyers. The Asia Services Group (ASG) at Realogics Sotheby’s International Realty (RSIR) is a team of over a dozen professionals who are qualified to assist Asian buyers, Dehlan Gwo, a broker with RSIR, is one of the founding members of the ASG.
For a month in late 2016, Gwo traveled to China, Taiwan, and Hong Kong, returning with observations on the current demand for Seattle real estate among Chinese buyers in these and other regions. From there, he journeyed to Cambodia, Thailand, and Bali, which are popular vacation destinations among the affluent of China and Australia.
During his trip, Gwo came to reconnect with colleagues and clients, past and present, and to meet new ones. Although born in the U.S., Gwo is immersed in Chinese culture and speaks the language fluently. He learnt about the requirements of the different Chinese groups of investors, the unique characteristics and the challenges in transferring funds out of Mainland China.
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