NORTH AMERICA REAL ESTATE INVESTMENT GROUP INC. ANNOUNCES NEW QDII FUND
BEIJING and SEATTLE, Jan. 10, 2014 /PRNewswire-iReach/ -- Real estate consulting firm North America Real Estate Investment Group Inc. partners with Taikang Asset Management Co., Ltd. to create the first QDII that will allow direct RMB investment into overseas real estate by Chinese investors
With outbound real estate investments by Chinese investors playing an increasingly important role in global real estate markets, North America Real Estate Investment Group Inc. (NAREIG) has partnered with Taikang Asset Management Co., Ltd. (Taikang) to announce the first QDII fund that will allow direct RMB investment by Chinese investors into overseas real estate.
Leveraging NAREIG's leading online real estate portal BeiMeiGouFang.com and global brokerage and property management network, and also Taikang's financial services expertise, the fund will allow Chinese investors holding RMB to make fast and hassle-free overseas real estate transactions.
In the past, it has been illegal for Chinese individual investors and extremely difficult for small- and medium-sized firms to transfer more than $50,000 USD out of China. By creating a new channel for individual investors and small- and medium-sized firms to make overseas real estate acquisitions, the new QDII fund will drive the already robust Chinese outbound real estate investment market.
Combining a Global Real Estate Network with Financial Expertise
Hunter Lin, CEO and Founder of NAREIG, said the partnership will provide unprecedented convenience for Chinese investors and for sellers of overseas property. "We're aiming to innovate. Our goal in forming this partnership is to make the real estate transaction process as fast and smooth as possible for everyone involved."
The fund will change the outbound real estate investment landscape in several important ways. By transacting through the new QDII fund, Chinese investors will, for the first time, be able to avoid China's nationally-mandated $50,000 USD per individual per annum foreign exchange limit when making real estate investments.
The fund will also leverage NAREIG's global network to allow Chinese investors unparalleled convenience when acquiring properties. Chinese investors making property acquisitions through the fund will also have access to NAREIG's network of bilingual property managers and brokers, cutting out the need for buyers to find and deal with third party agents. Moreover, end-to-end transactions can be completed without the need for investors to set foot outside of China.
Founded in the first months of 2012, North America Real Estate Investment Group Inc. (NAREIG) is a real estate services company based in Seattle and Beijing. NAREIG's mission is to to provide professional real estate consulting services to Chinese investors and to deliver best-in-class China-facing marketing and brokerage services to global real estate developers. But NAREIG is much more than a consulting and brokerage firm: NAREIG's online platform http://www.beimeigoufang.com, http://www.ouzhougoufang.com, http://www.aozhougoufang.com is the preeminant online tool high-net-worth Chinese use to find property in North America,Europe and Australia.
Media Contact: Yizhou He, NAREIG, 612-787-8189, firstname.lastname@example.org
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SOURCE North America Real Estate Investment Group Inc.