AREAA

Asian Real Estate Association Global Summit Round Up

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Several members of Realogics Sotheby’s International Realty, including owners Dean and Stacy Jones along with Founding Director Scott Wasner and broker Cassie Daughtrey attended the Asian Real Estate Association of America Global Luxury Summit in New York City April 12-15.  Held at the historic Waldorf Astoria Hotel, the event was sponsored by Sotheby’s International Realty and was co-chaired byPhilip White, President & CEO of the global realty network.  More than 700 registered guests traveled from around the world to participate in the much-anticipated conference.

“I was struck by the significance of the event being held at the Waldorf Astoria – one of the first, largest and grandest hotels in New York City of which its original location hosted thousands of wealthy investors from Europe more than a hundred years ago,” said Dean Jones.  “Fast forward to today, the hotel is again host to another wave of foreign interest, albeit it this time investors are from Asia and most dominantly from Mainland China.”

In addition to Dean Jones' participation on two panels during the event, he also offered a publication for attendees in Chinese and English, which may be viewed below:

Wall Street Journal & Realogics Sotheby's International Realty Shed Light on Trend of Wealthy Chinese Buying US Real Estate for Students

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Just in time for the AREAA event, the Wall Street Journal reported on the trend of wealthy Chinese nationals purchasing real estate in the US to anticipate school attendance for their children and in some cases, to ensure the American Dream.

Dean Jones contributed to the article, saying, “the real estate axiom overseas isn’t Location, Location, Location,” says Jones.  “It’s Location, Education, Environment.  The Seattle area has it all with the closest mainland port to China, renowned public and private schools and of course, fresh air and a culture of health and wellness, not to mention no state income taxes.  The Chinese know that they can send their kids here for school with confidence that they’ll graduate with honors, secure a job in quick order and can still afford to buy a home and raise a family without restriction.  That’s not all possible in China and increasingly more difficult in other West Coast markets where jobs and homes are just out of reach for many.”