Juwai.com, one of the largest Chinese international property platforms, has partnered with the Association of Family Offices in Asia to make it easier for high-net worth and ultra-high-net worth Chinese and other Asian investors to source, evaluate and invest in international real estate, the portal recently announced. The two partners will jointly screen, review and partner in real estate and other investment opportunities; roll out a joint institutional training program to nurture more quality real estate investment professionals; and collaborate on events and functions serving investors.
The Association has more than 30 institutional members, as well as hundreds of Single-Family Office members with net worth typically in excess of $50 million and Multi-Family Office (MFO) members, which assist multiple ultra-high-net worth families.
“Of all the independent organizations that represent wealthy investors, the Association of Family Offices in Asia is the most trusted and forward-looking,” says Carrie Law, CEO of Juwai.com. “By leveraging Juwai’s unique data, market knowledge, and exclusive partners and strategic investors, we will be able to source unique real estate investment opportunities that will enable Asian family offices to accumulate wealth for the benefit of future generations. Our strategic partners will benefit from our partnership because it opens a door to a new pool of high-net worth and ultra-high-net worth investors. This partnership also gives our prestige developers, brokers, agents and professional services providers from around the world entrée to an entire ecosystem of wealth advisors and service providers.
“The family offices in the Association’s network are savvy and have been multiplying their wealth at a rapid rate,” Law says. “There are now 1.6 million U.S.-dollar millionaires in mainland China—a new all-time record. Wealth-per-adult in China has more than quadrupled over the past six years. Real estate is not the only investment choice of these wealthy investors, but it is an important one. Consumer research in China by FTCR shows that more than 60 percent of Chinese overseas investors intend to make new overseas real estate investments by 2020.”
“As the largest platform for Chinese international property investment, Juwai.com offers intelligence on investment behaviour and international markets that is very valuable to our members,” says Eva Law, chairman and founder of the Association of Family Offices in Asia. “Access to Juwai.com’s network of investors is also of great interest to the asset owners in our ecosystem. We look forward over the coming months and years to tightening this partnership and finding new areas of cooperation. We want to work with Juwai to create new services, products, and opportunities for the family offices and solution providers among our membership.”
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