The Chinese Are Coming, The Chinese Are Coming, The Chinese Are Coming

By
Real Estate Broker/Owner with RE/MAX Kai Lani

The Chinese Are Coming, The Chinese Are Coming, The Chinese Are Coming

Wow, we have long been awaiting for the Chinese to break out of their insular habits and get out and mix with the rest of the world.   Well, it is finally starting.   And maybe even, they are bringing some of the dollars we have been sending their way to buy goodies and services of every shape and kind.  You never know, they might even discover that our homes and land are cheap by their standards and you never know, this may usher in another boom in our Real Estate Market.  I think so!  

The Honolulu Advertiser broke this news to us as a big splash in their article, "China opens up package tours to U.S." in the June 18th Business Section.   It seems the whole thing grew out of an agreement negotiated last December that gave the U.S. and Hawaii, China's "approved destination status".  This is no small achievement.   China has long guarded its country, boarders and people from mixing with those of us who are not Chinese in a big way.

But what this change means is that Chinese travel agencies can now market package tours to American destinations and it permits U.S. destinations to advertise directly to the Chinese public.  This is an enormous change!  

On June 17, an initial group of more than 200 tourists flew in from "Beijing, Shanghai and Guangzhou for a 12-day visit that will take them to destinations such as Hawai'i, New York, Washington and Los Angeles. The trips cost about $4,000 each."   Once these folks find us and the word gets out, we can expect a sea change in the culture of the country and from a very selfish perspective, a very large inflow of capital into the USA, and from our own perspective, here in Hawaii.  

I can only say Welcome!   Good times are just around the corner for real estate agents.  Be happy and learn to speak a little Chinese.  

And, just to keep our perspective, China is not what it used to be.  It is a modern thriving economy struggling hard to not only join the rest of the world, but to lead the rest of the world.   Keep your fingers crossed. 

Are you ready?

RE/MAX Kai Lani, 25 Kaneohe Bay Drive, Kailua, HI 96734   ---   808-237-5300

Comments (14)

Jesse & Kathy Clifton
Jesse Clifton & Associates, REALTORS® - Fairbanks, AK
Retired

This can't be anything but good.  When people are exposed to different cultures and lifestyles they invariably take back bits and pieces... change from within is bound to happen. 

Jun 21, 2008 10:10 PM
Steve Harless
Resolution Realty - Las Vegas, NV

great news!

Jun 22, 2008 02:43 AM
Kai Lani
RE/MAX Kai Lani - Kailua, HI
RE/MAX

Jesse and Kathy and Steve

Thanks for taking a look at it.  I think this has the potential of being one of the biggest and most important events of the day!   Kai

Jun 22, 2008 01:18 PM
Pete Jalbert
The Maui Real Estate Team, Inc. - Paia, HI
R(S)

It will be interesting to see if this builds into any direct flights between China and Honolulu. That is when we will really see the impact on the Hawaiian Real Estate Market.

Jun 23, 2008 08:09 AM
Kai Lani
RE/MAX Kai Lani - Kailua, HI
RE/MAX

Do you really have any doubt!   This will open the door big time.   May take a little while, but I think it will be faster than many believe.   Kai

Jun 23, 2008 08:17 AM
Kimo Stowell
HI Pro Realty LLC RB-21531 - Honolulu, HI
REALTOR Associate® RS-76763 - Honolulu Hawai'i

Aloha,

When I was in China this past December the bewildering size of the Real Estate development there dwarfs anything the US is doing or has done in the past. The shear numbers of Chinese migrating from the rural areas to the 1st and 2nd tier cities is keeping the Real Estate markets hot. The question is for how long. I'm sure the wealthy few might find Honolulu attractive but only if they can make more money than they would investing in their own booming markets.

Peace,

Jun 23, 2008 05:10 PM
Pete Jalbert
The Maui Real Estate Team, Inc. - Paia, HI
R(S)

I think we will see some affluent Chinese that view Hawaii as more than an investment. Prestige, quality of life and natural beauty will be a draw as it is for mainland and European buyyers.

Jun 24, 2008 07:40 AM
Kai Lani
RE/MAX Kai Lani - Kailua, HI
RE/MAX

Pete, We were talking about this today in our staff meeting and many of us thing this will bring a new influx of resident buyers.   One way or the other, this should be a real plus for Hawaii, and on the Mainland it will take a little longer, but it will be a positive there as well.  Kai

Jun 24, 2008 10:10 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for the post.  We wanted to visit China this year but could not. Hope to go there some day.

Sep 04, 2008 10:07 PM
Kai Lani
RE/MAX Kai Lani - Kailua, HI
RE/MAX

Gita, I hope you get there.  I spent quite a bit of time in Chine about 15 years ago when I was working in International Sales.   I suspect the entire country has experienced a huge change of a magnitued that I would find hard to believe.   Anyway, thanks for your note.   Kai

Sep 05, 2008 06:27 AM
John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

The state of Nevada has an office in Beijing to promote tourism and business. These tour packages are great news!

Sep 05, 2008 02:13 PM
Steven Nickens
Wailea Realty - Wailea, HI
R(S)GRI ABR, Maui Real Estate Hawaii

I heard they are already buying real estate in Canada.

Sep 05, 2008 02:56 PM
Kai Lani
RE/MAX Kai Lani - Kailua, HI
RE/MAX

Steven,   I think they are already showing up nearly everywhere, but not being an expert on Canada, I really can't comment.   Kai

Sep 09, 2008 05:18 AM
Randy L. Prothero
eXp Realty - Mililani, HI
Hawaii REALTOR, (808) 384-5645

Being a soft tourism market, it is exciting that we may see more tourist coming from China.

Oct 08, 2008 01:10 PM