China has set the international real estate scene on fire, and stories of wealthy Chinese splurging on properties overseas are featured almost every other week, reports Kenneth Rapoza of Forbes (21 October 2013). As the weekend approaches, some 14,000 high net worth Chinese are getting hyped up to attend Top Marques in Shanghai, a premier luxury expo known for featuring lavish and expensive baubles, gadgets and toys for the ultra rich in China.
This year, for the first time in the showâ€™s history, luxury property will also be featured, alongside luxury watches, cars and private jets â€” a clear indication of Chinaâ€™s appetite for property and the ease in which wealthy Chinese can acquire luxury properties overseas.
Among some of the first to ever showcase property at Top Marques Shanghai are Jorge Martinez and Roland Ortiz of Worldwide Properties in the US, flying in from Miami to showcase their swanky $2 million South Beach penthouses located at Venetian Way.
â€œAt Top Marques, you know you are marketing to people who want the very best â€” and can afford it,â€ said Andrew Taylor, co-CEO of Juwai.com.