Juwai.com boss Andrew Taylor, joins ‘the world’s most influential thinkers’ at the Brisbane Global Café, ahead of the G20 conference in Brisbane, Australia, and is speaking about how cities can attract Chinese property buyers
A leading overseas property website chief is speaking at a curtain-raiser event to the G20 world leaders’ summit in Australia in November about how cities can attract Chinese real estate investment.
Andrew Taylor, Co-Chief Executive Officer of top Chinese international property portal, Juwai.com, is among ‘the world’s most exception and influential thinkers’ at the Brisbane Global Cafe event, before the main G20 Leaders’ Summit in Brisbane.
He is part of the Regional Responses to Foster Entrepreneurship and Innovation panel discussion and plans to cover the role of Chinese investment in global property markets, how educational services are vital, how digital technology can bring different peoples closer and the special role of Australia in the global economy.
Andrew Taylor tells OPP Connect, “Only a small handful of cities worry they are getting too much international investment, but nearly every place else in the world they have the opposite worry. The biggest fear is of missing out on international investment and of not having a chance to use it to improve one’s local economy.
“One of the most important things any locale can do to attract more Chinese investors is to improve the quality and global reputation of its schools and universities. This is a long-term strategy that delivers long-term benefits, beyond simply attracting international investment.
“Chinese culture puts a great priority on both real estate as a way to build and preserve wealth, and on education as the route to a better life. That explains why good schools and universities have such drawing power for them.
“A good university or high school is as much a selling point to Chinese buyers as beautiful beaches, great architecture or a strong economy.
“Most people don’t think of schools and universities as infrastructure, but investing in these institutions stimulates investment and economic growth more than do new roads or rail lines.”
The UK has 49 universities in the top 500 globally, according to the Times ranking, but only three are in the top 20. By contrast, the United States has 15 universities in the top 20.
“Many Chinese buyers already look for properties near a major university. Their children’s education is one of the top three reasons Chinese buyers invest in overseas property.
“It is very common for a Chinese family to send their children to college and university in the UK, and when they do they tend to buy a home for student accommodation.
In the first half of 2014 the top five countries for Chinese property buyers are the United States, Australia, the United Kingdom, Canada and German, Juwai data shows.
The other panellists alongside Mr Taylor are Teri Willey, VP Business Development and Technology Transfer, Cold Spring Harbour Laboratory, US; Mateu Hernández CEO, Barcelona Global, Spain; Dr Ilse Treurnicht, MaRS Discovery District, Canada and Professor David Lloyd University of South Australia, Australia.
The event at Brisbane City Hall features some of the world’s most exceptional and influential thinkers, say organisers.
The Group of Twenty (G20) is the premier forum for its members’ international economic cooperation and decision-making. Its membership comprises 19 countries plus the European Union.
The members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union.
Stakes are high for the main G20 meeting as it hopes to set in place policies that will raise G20 output by 2%, adding £1.24trillion to the world economy and helping to create millions of jobs.
Chinese-language website Juwai.com is currently ranked around the top 500 in China and the top 7,000 in the world, according to traffic data provider, alexa.com.
By Adrian Bishop, Editor, OPP Connect