Hongkong Shoe Makers Are Buying Huge Sums Of Money To Buy London Properties.

2010/11/1 15:54:00 28

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Liang Richang A Businessman In Hongkong Bought The Commercial Property In London At A High Price.

British passport holders

Hongkong businessman Liang Richang

13 million pounds a day ago.

High price acquisition

near

London

A large Ssha J Billy Doug in Chinatown

Commercial property

In recent years, the highest price of Chinese investment in real estate in London has been established.

Liang Richang, who studied in England in the 80s of last century, returned to Hongkong to join in.

Shoemaking industry

Now he is president of Hongkong Footwear Association, and has many factories in the mainland of China. At present, the annual sales volume is 500 million yuan.

Speaking to reporters about why he chose to buy huge property in London, he joked that the British pound was in the doldrums and the British real estate had hit bottom.

In addition to the commercial property near Chinatown, he also bought two other properties in London.

Liang Richang told reporters that at present, the shoemaking industry has a very thin profit, and its own brand is the only way for the future.

London is the center of the world design, where it can invest in property temporarily, and it can temporarily rent it for profit. It can be used as an office land in the future, or it can make up its mortgage to make its own brand.

Li Zhenju lawyer told reporters that in fact many buyers in London are not self occupied, but through investment to obtain permanent family qualifications, prepare for their children's future in the UK.

He Dawei, partner of Li Zhenju's lawyer's office, said investors from mainland China and Hongkong had the advantage of mobilizing capital quickly and rarely needed loans. Besides, sterling exchange rate was weak and the British government encouraged policies and other factors that led many Chinese investors to turn their sights on British property.

The British Property Agency has also begun to provide the Chinese law firms with information on property pactions, hoping to find Chinese businessmen to invest.

In the near future, Chinese property investment in Britain will continue to increase.