China starts real es­tate site in Toronto for in­vestors

China Daily (Canada) - - FRONT PAGE - By LI NA in Toronto re­nali@chinadailyusa.com

Aim­ing to build a ser­vice plat­form for in­ter­na­tional prop­erty in­vest­ment, house buy­ing and re­lo­ca­tion, the grand launch of www. ehouse411.com (ehouse) took place on May 8 at the Mar­riott Ho­tel in down­town Toronto.

Or­ga­nized by the China In­ter­net In­for­ma­tion Cen­ter (www.china. com.cn), ehouse was pro­duced in re­sponse to China’s “Go­ing Out” strat­egy.

China’s over­seas in­vest­ments con­tinue to heat up and at the same time over­seas mar­kets are show­ing greater in­ter­est in Chi­nese buy­ers. How­ever, there are still many un­cer­tain­ties when pur­chas­ing a prop­erty in a for­eign coun­try, in­clud­ing lan­guage diffi in­ac­cu­rate in­for­ma­tion, ge­o­graph­i­cal lim­i­ta­tions and the cred­i­bil­ity gap.

“The web­site un­der­takes the re­spon­si­bil­ity of build­ing up the co­op­er­a­tion bridge be­tween cor­po­ra­tion and in­di­vid­ual in­vestors in China and for­eign coun­tries, pro­vid­ing ac­cu­rate and abun­dant in­for­ma­tion, and is de­voted to be­com­ing the most re­li­able new medium and one-stop in­te­grated ser­vice plat­form,” said Li Ji­aming, pres­i­dent of china.com.cn/china. org.cn.

Ac­cord­ing to Li, with the in­te­gra­tion of the global econ­omy and in­ter­na­tion­al­iza­tion of cap­i­tal flow, and cer­tain coun­tries in­tro­duc­ing at­trac­tive in­vest­ment and im­mi­gra­tion poli­cies, more and more Chi­nese com­pa­nies and in­di­vid­u­als have had the abil­ity and wish for over­seas prop­erty pur­chase.

Large in­vest­ment or­ga­ni­za­tions, de­vel­op­ers and pri­vate in­vestors in China are all ea­ger to in­vest in over­seas real es­tate mar­kets.

As the first of­fi­cial medium fo­cused on ser­vic­ing for­eign real es­tate in­vest­ment, the web­site pro­vides in­for­ma­tion re­lated to ev­ery as­pect of over­seas prop­erty in­vest­ment and pur­chase, in­clud­ing in­dus­try news, prop­erty for sale, prop­erty for lease, busi­nesses for sale, land devel­op­ment, real es­tate agents and one-stop ser­vice sec­tions.

“We hope that with the help of our web­site, com­pa­nies and in­di­vid­u­als can make their dreams of over­seas prop­erty in­vest­ment and pur­chase come true,” said Donna Wang, CEO of ehouse.

Min­is­ter Yu Ben­lin of the em­bassy of China in Canada, Xue Bing, the Con­sul Gen­eral of China, Vic­tor Oh, Fed­eral Se­na­tor of Canada, Frank Scarpitti, mayor of the city of Markham, and Jim Dio­dati, mayor of Niagara Falls, at­tended the launch cer­e­mony.

The launch event was fol­lowed by a sum­mit fo­rum with a dis­cus­sion on house mar­ket poli­cies, trends and fea­tures in Canada and China.

Paul Mik­las, pres­i­dent of Val­leymede Build­ing AMA Cor­po­ra­tion; Bar­bara Lawlor, pres­i­dent and CEO of Baker Real Es­tate In­cor­po­rated; Brian McKenna, re­gional vice-pres­i­dent of Wal­ton Cap­i­tal Man­age­ment Inc; Xie Hongling, chief edi­tor of www.house.china. com.cn, and Cyn­thia Lai, chair­man of Global Link Re­alty Group Inc, par­tic­i­pated in the dis­cus­sion.

PRO­VIDED TO CHINA DAILY

Guests join the launch cer­e­mony for www.ehouse411.com on May 8 at the Mar­riott Ho­tel in down­town Toronto.

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