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Chinese buyers show fresh urgency for Central Florida real estate

24th September 2015 Print

With Chinese President Xi Jinping in the United States at the moment, now is the ideal time to consider how strong the demand is from Chinese buyers for Central Florida real estate.

Feltrim Group Chief Executive Officer Garrett Kenny knows how important Chinese buyers are, as he has just returned from promoting Feltrim Group developments, including the new luxury lakeside project, Balmoral at Waters Edge, at the China Property Expo in Beijing.

Bearing in mind that Chinese buyers snapped up half of Feltrim’s Fountains at ChampionsGate townhouse development, which was officially opened this summer, the demand for the exclusive Balmoral at Waters Edge bespoke properties is set to be even higher.

President Xi Jinping is in the United States to have talks over how to introduce reforms and prevent growth slowing further in its economy, which is under pressure.

Garrett Kenny says a growing number of Chinese residents are looking to invest their money not in the domestic market but in the safe haven of the United States and Florida is a popular choice.

“Given the concerns over the performance of their economy, the Chinese are showing a fresh urgency about investing in Central Florida real estate and the Feltrim Group stand at Beijing was very busy with buyers wanting to know more about Balmoral and our other projects.

“We took seven reservations at the show in Beijing from Chinese buyers for homes at Balmoral at Waters Edge.

“Every year that goes by, more is being invested in the US real estate market by Chinese buyers and we have had a number of investors who have been so impressed with the build quality and return on investment potential of our properties that they have bought several at once.”

The Chinese are the leading foreign buyers of homes in the United States by volume (16%) after overtaking the Canadians on 14% in 2014/15 and also spend the most at $28.6billion up from $22billion a year ago, the latest National Association of Realtors data states.

Balmoral at Waters Edge is a stunningly different, new premier garden-themed resort and community near Orlando in Central Florida.

With 250 high-end custom homes from 3-5 bedrooms, set within a 113-acre gated, luxury resort, along with many tranquil parks, gardens, walkways and lakes, Balmoral at Water’s Edge has something for everyone.

Balmoral at Waters Edge includes a host of top-class leisure facilities, including a resort-style pool with luxury clubhouse, mini waterpark, lakeside beach, gym and spa, gourmet kitchen, restaurant and more.