New Direct Air Service From China to Hawaii Increases Chinese Visitor Numbers – Will Hawaii Real Estate Be Attractive to Chinese Investors?

On the 9th of this month, a first-time, direct Chinese airline flew from Shanghai, China to Honolulu, Hawaii. The Hawaii Tourism Authority projects that more than 91,000 visitors from China are to arrive this year.

“Waikiki Trump Tower” PH-C (MLS# 1105650), current available for sale at $9,980,000.00 

HTA President and CEO, Mike McCartney, says the new route comes after Hawaii tourism officials worked aggressively to secure direct air service from China. It’s expected to provide up to $60 million in annual visitor expenditures and stimulate new jobs in the state.

“The Watermark” PH-1 (MLS# 1103998), currently available for sale at $2,888,000

What about the Hawaii real estate market, will it be attractive to Chinese buyers?

In July, 2011, the median price paid for a single family home on Oahu was $591,000 (which is a decrease of 2.2% compared to July, 2010) and $277,000 for a condominium (which is a decrease of 7.7% compared to July, 2010).

During July sales, 251 single-family homes and 300 condominiums were reported through the Board’s MLS, a decrease of 7% for single-family homes and a decrease of 8.3% for condominiums, compared to the same month of last year.

Allure Waikiki (MLS# 1015750) currently available for sale at $1,499,000

The real estate market price is going down and the stock market is crashing. Those two factors should attract more foreign investors looking for more real estate investment. The special Hawaii real estate market is a very good place for them. Our property assessed value is still keeping very good pace during this global economic crisis.

The nice weather, clean air, and our Aloha spirit are always our win points. We need more advertising for our island real estate market to Chinese tourists. In all kinds of ways, let the Chinese investors understand our real estate market, purchasing  process, and our federal and state real estate laws.

As a Hawaii real estate broker, I’ll try my best to let foreign investors better understand the whole process of property purchasing, helping them search for the best investment on the island.

My contact information at yvonne@hawaiilife.com, or (808)-391-6214.

8月9日是首次从中国直飞夏威夷的航班，根据夏威夷州旅游局的报告，今年将有91，000人次将抵达夏威夷檀香山，将给夏威夷带来$60，000，000的年消费额，这将给夏威夷的旅游业和就业很大的帮助。

那么夏威夷的房产是否也会受到中国投资者的青睐？

根据夏威夷房产经纪人协会的上月的房产报告：7月份的别墅（single family）销售均价是$591,000.00,比去年同期降低了2.2%，销售数量是251套，也比去年同期降低了7%; 公寓销售均价是$277,000.00,比去年同期降低了7.7%，销售数量是300套，也比去年同期降低8.3%。

房产市场价格走低，股市奔溃，这将让更多的投资者把目光转向了房产业。 夏威夷的房产应该是一个相当稳定的投资地方。夏威夷的房产的价值虽然有跌幅，但是在如此全球性的经济衰退下，我们仍然保持相对稳定的价值，再加上我们有着宜人的气候，清洁的空气，美丽的风景，这都是我们吸引国外投资人的赢点。我们应当大力地宣传我们的房产，用各种方式去向外国投资人解释我们的房产法，房产的买卖程序。作为房产经纪人我会尽我的房产专业知识来帮助想来夏威夷投资的投资者了解美国的房产市场，有关法律和投资税务等。如有意者，可与我联系：yvonne@hawaiilife.com, 或者808-391-6214.