More than 100,000 visitors queued to attend the last Beijing Real Estate Expo, held on the 7-10th April earlier this year. With the Autumn show fast approaching, 15-18th September,
numbers are expected to exceed this due to a sharp increase in interest in the fast-expanding international property section.
There were so many visitors on the show’s opening day that “it went absolutely mental” according to one exhibitor who reported trouble in crowd attempting to enter the exhibition.
“I have never seen anything like it, not even at the first ever A Place in the Sun show or Cityscape Abu Dhabi four years ago” said one exhibitor who took a stand at the event.
“There were between 80,000 and 120,000 visitors. I would say that around one in five attended the overseas section which was double the size of last years with nearly 80 stands representing 30 different countries”.
Interest in international property in China is being driven by domestic restrictions on property ownership and the strong Chinese Yuan, making overseas investments attractively affordable.
The most popular destinations for Chinese buyers at the show were UK, Canada, US, Australia, Hong Kong and Thailand.
“The Overseas property market is very fledgling. You have local developers spending half a million on a stand. It is booming domestically and overseas always lags behind a little, the market will catch on”. Countries represented at the show included: Australia, US, Canada, Malaysia, Singapore, Hong Kong, Thailand, Bali, Korea, Cayman Islands, EU-Cyprus, UK, Sweden, Bulgaria, Spain, Switzerland, New Zealand and others.
The size of the show means it is very well covered in the media, with local and national TV networks at hand and over 90 journalists attending.
The next Beijing Real Estate Expo will be held between 15th and 18th September, 2011.