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Real Estate

China’s finest: official China Property Awards 2015 shortlist revealed

A total of 20 awards await the best developers in Beijing, Shanghai, Guangzhou, Shenzhen, Hong Kong and Macau Many of Mainland China and Hong Kong’s biggest developers have successfully made it on to the official shortlist for the second annual China Property Awards, part of the decade-old Asia Property Awards series – the largest real estate event programme in the region. K. Wah International Holdings Limited and Sino-Ocean Land are the two companies in the running for the biggest award of the year for Best Developer (China). Sino-Ocean Land is also taking on the the housing segment in Beijing with its Ocean Palace project, nominated for the Best Residential Development (Beijing) gong. Shenzhen Parkland Real Estate Development Co., Ltd. is also among the big nominees of the year, with citations for its luxury residential and commercial projects in Shenzhen. Last year’s champion and five-time awardee, Henderson Land Development Company Limited, is back with three nods in the Hong Kong and Macau section of the awards, including Best Boutique Residential Development, Best Office Development, and Best Mixed-Use Development for its 18 On Land project located in one of the most affluent neighbourhoods and favourite dining spots in Central Hong Kong. The developers and developments were shortlisted following a rigorous judging period spanning the last six months, with nominations submitted by industry players and the general public. Overall, there will be 19 award categories covering the dynamic markets of Beijing, Shanghai, Guangzhou, Shenzhen, Hong Kong and Macau. The scope of the Awards is a demonstration of the rapid growth of the Chinese markets in the last several years. The top winners in the domestic markets will then compete in the ‘Best of the Best’ categories, with winners announced at the gala dinner. “We’re delighted to return in China for a second year, with major developers and emerging talents in the country participating again,” said Terry Blackburn, CEO of Ensign Media, owner of the Awards and publisher of Asia’s industry-leading Property Report magazine. “Amidst the recent economic slowdown being witnessed across the country, we are here to shift the attention of the market to the most outstanding developments from the Mainland to Macau that truly deserve international recognition.” The highly respected and independent panel of judges is again led by chairman Ivan Ko, who also chairs the China Real Estate Chamber of Commerce Hong Kong Chapter (CRECCHK), organiser of the China Property Awards 2015. “The quality of developers and projects this year has gone up quite a lot especially in the major cities on Mainland China. It is impressive to see the improvements in concept, building quality and uses which cater very well to the rapidly changing consumer preference and experience of the purchasers and users in the mainland,” Ko said. “I am also glad to see that Hong Kong and Macau are keeping up with new and more efficient use of space.” He added that the biggest advantage for the Chinese developers taking part in the China Property Awards – which is free-to-enter and widely recognised for fairness and transparency – is the international standard that sets it apart from other local awards in China. “The China Property Awards represents a certain degree of international recognition that helps bridge the gap between the property markets in China and overseas. I would expect the response from Mainland China will grow strongly in the next few years down the road as the China Property Awards lifts industry standards and the overall market performance.” In addition to the various award categories, the China Property Awards will be presenting the Real Estate Personality of the Year 2015 trophy to Dr Allan Zeman, chairman and founder of the Lan Kwai Fong Group, and developer of one of Hong Kong’s most iconic entertainment districts. A Hong Kong resident for more than four decades now, Zeman in recent years has championed the growth of domestic markets in Chengdu, Haikou, Wuxi and Shanghai. Zeman’s award was chosen by the editors of Property Report magazine and is the only one not selected by the independent judges panel. The black-tie event will be hosted in association with CRECCHK’s 13th anniversary gala dinner on Monday, 7 December at the prestigious JW Marriott Hotel in Hong Kong. For table/seating ordering or sponsorship information, please visit crecchk.hk or contact Connie Ng at +852-2111-9743 or email connieng@crecchk.hk. For more information on the China Property Awards, visit the official website. Full shortlist of the China Property Awards 2015: DEVELOPER Best Developer (China) K. Wah International Holdings Limited Sino-Ocean Land DEVELOPMENT Best Residential Development (Beijing) China Lord Mansion 北京紫辰院 by Beijingjiayuanjingda Real Estate Investment Co. Ltd Ocean Palace (Beijing) 远洋天著by Sino-Ocean Land Holdings Limited Shoukai, Gaojing No.2 Plot首開 by BCDC (Beijing Capital Development Co., Ltd.) Best Residential Development (Shanghai) The Amethyst, Shanghai 中海紫御豪庭 (Lot 6B and Lot 7C) by China Overseas Land & Investment Ltd. ONE Park 古北壹號 by FortuneLife Int’l (Shanghai) Co., Ltd. Queen’s Gate by Shanghai Guangnan Property Development Company Limited Best Residential Development (Guangzhou) The Landmark 尚东·柏悦府 by Guangzhou Honghan Real Estate Development Co., Ltd. Best Residential Development (Shenzhen) One Shenzhen Bay 深圳灣1號 by Shenzhen Parkland Real Estate Development Co., Ltd. Tiara 天颂 by MTR Property Development (Shenzhen) Company Limited Best Luxury Residential Development (Hong Kong & Macau) Kau To Highland by Couture Homes Limited Ultima by Sun Hung Kai Properties Best Boutique Residential Development (Hong Kong & Macau) CHI 138 by CHI residences High Park & High Park Grand (Sister Residential Towers) by Henderson Land Development Company Limited Best Commercial Development (Shanghai) Mapletree Business City Shanghai & VivoCity Shanghai上海豐樹商業城、上海怡丰城 by Shanghai Lingfeng Real Estate Development Co., Ltd., a subsidiary of Mapletree The Place 虹桥南丰城 by Shanghai Huan Tian Property Development Co. Ltd. Best Commercial Development (Guangzhou) Guangzhou CTF Finance Centre 广州周大福金融中心 by Guangzhou Xinyu Properties Co., Ltd. Best Commercial Development (Shenzhen) One Bay 湾汇商业 by Shenzhen Parkland Real Estate Development Co., Ltd. Ping An IFC 深圳平安金融中心购物中心 by Ping An Group / Shenzhen Ping An Financial Centre Construction and Development Company Ltd. Best Mixed-Use Development (Hong Kong & Macau) 18 On Lan by Henderson Land Development Company Limited Tower535 by Big Harvest International Limited & Orient Master Limited / Phoenix Property Investors Best Commercial Development (Hong Kong & Macau) Global Trade Square by Henderson Land Development Company Limited / Hip Shing Hong Development Company Limited H.A.N.D.S by The Link Management Limited Hotel sáv by sáv Hospitality Group Galaxy Macau (Phase 2) by Galaxy Macau Note: The ‘best of the best’ awards for Best Residential Development (China), Best Commercial Development (China) and Best Green Development (China) will be revealed during the gala dinner.

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A total of 20 awards await the best developers in Beijing, Shanghai, Guangzhou, Shenzhen, Hong Kong and Macau

China Property Awards 2016

Many of Mainland China and Hong Kong’s biggest developers have successfully made it on to the official shortlist for the second annual China Property Awards, part of the decade-old Asia Property Awards series – the largest real estate event programme in the region.

K. Wah International Holdings Limited and Sino-Ocean Land are the two companies in the running for the biggest award of the year for Best Developer (China). Sino-Ocean Land is also taking on the the housing segment in Beijing with its Ocean Palace project, nominated for the Best Residential Development (Beijing) gong.

Shenzhen Parkland Real Estate Development Co., Ltd. is also among the big nominees of the year, with citations for its luxury residential and commercial projects in Shenzhen.

Last year’s champion and five-time awardee, Henderson Land Development Company Limited, is back with three nods in the Hong Kong and Macau section of the awards, including Best Boutique Residential Development, Best Office Development, and Best Mixed-Use Development for its 18 On Land project located in one of the most affluent neighbourhoods and favourite dining spots in Central Hong Kong.

The developers and developments were shortlisted following a rigorous judging period spanning the last six months, with nominations submitted by industry players and the general public.

Overall, there will be 19 award categories covering the dynamic markets of Beijing, Shanghai, Guangzhou, Shenzhen, Hong Kong and Macau. The scope of the Awards is a demonstration of the rapid growth of the Chinese markets in the last several years. The top winners in the domestic markets will then compete in the ‘Best of the Best’ categories, with winners announced at the gala dinner.

“We’re delighted to return in China for a second year, with major developers and emerging talents in the country participating again,” said Terry Blackburn, CEO of Ensign Media, owner of the Awards and publisher of Asia’s industry-leading Property Report magazine. “Amidst the recent economic slowdown being witnessed across the country, we are here to shift the attention of the market to the most outstanding developments from the Mainland to Macau that truly deserve international recognition.”

The highly respected and independent panel of judges is again led by chairman Ivan Ko, who also chairs the China Real Estate Chamber of Commerce Hong Kong Chapter (CRECCHK), organiser of the China Property Awards 2015.

“The quality of developers and projects this year has gone up quite a lot especially in the major cities on Mainland China. It is impressive to see the improvements in concept, building quality and uses which cater very well to the rapidly changing consumer preference and experience of the purchasers and users in the mainland,” Ko said. “I am also glad to see that Hong Kong and Macau are keeping up with new and more efficient use of space.”

He added that the biggest advantage for the Chinese developers taking part in the China Property Awards – which is free-to-enter and widely recognised for fairness and transparency – is the international standard that sets it apart from other local awards in China.

“The China Property Awards represents a certain degree of international recognition that helps bridge the gap between the property markets in China and overseas. I would expect the response from Mainland China will grow strongly in the next few years down the road as the China Property Awards lifts industry standards and the overall market performance.”

In addition to the various award categories, the China Property Awards will be presenting the Real Estate Personality of the Year 2015 trophy to Dr Allan Zeman, chairman and founder of the Lan Kwai Fong Group, and developer of one of Hong Kong’s most iconic entertainment districts. A Hong Kong resident for more than four decades now, Zeman in recent years has championed the growth of domestic markets in Chengdu, Haikou, Wuxi and Shanghai. Zeman’s award was chosen by the editors of Property Report magazine and is the only one not selected by the independent judges panel.

The black-tie event will be hosted in association with CRECCHK’s 13th anniversary gala dinner on Monday, 7 December at the prestigious JW Marriott Hotel in Hong Kong.

For table/seating ordering or sponsorship information, please visit crecchk.hk or contact Connie Ng at +852-2111-9743 or email connieng@crecchk.hk. For more information on the China Property Awards, visit the official website.

Full shortlist of the China Property Awards 2015:

DEVELOPER

Best Developer (China)

  • K. Wah International Holdings Limited
  • Sino-Ocean Land

DEVELOPMENT

Best Residential Development (Beijing)

  • China Lord Mansion 北京紫辰院 by Beijingjiayuanjingda Real Estate Investment Co. Ltd
  • Ocean Palace (Beijing) 远洋天著by Sino-Ocean Land Holdings Limited
  • Shoukai, Gaojing No.2 Plot首開 by BCDC (Beijing Capital Development Co., Ltd.)

Best Residential Development (Shanghai)

  • The Amethyst, Shanghai 中海紫御豪庭 (Lot 6B and Lot 7C) by China Overseas Land & Investment Ltd.
  • ONE Park 古北壹號 by FortuneLife Int’l (Shanghai) Co., Ltd.
  • Queen’s Gate by Shanghai Guangnan Property Development Company Limited

Best Residential Development (Guangzhou)

  • The Landmark 尚东·柏悦府 by Guangzhou Honghan Real Estate Development Co., Ltd.

Best Residential Development (Shenzhen)

  • One Shenzhen Bay 深圳灣1號 by Shenzhen Parkland Real Estate Development Co., Ltd.
  • Tiara 天颂 by MTR Property Development (Shenzhen) Company Limited

Best Luxury Residential Development (Hong Kong & Macau)

  • Kau To Highland by Couture Homes Limited
  • Ultima by Sun Hung Kai Properties

Best Boutique Residential Development (Hong Kong & Macau)

  • CHI 138 by CHI residences
  • High Park & High Park Grand (Sister Residential Towers) by Henderson Land Development Company Limited

Best Commercial Development (Shanghai)

  • Mapletree Business City Shanghai & VivoCity Shanghai上海豐樹商業城、上海怡丰城 by Shanghai Lingfeng Real Estate Development Co., Ltd., a subsidiary of Mapletree
  • The Place 虹桥南丰城 by Shanghai Huan Tian Property Development Co. Ltd.

Best Commercial Development (Guangzhou)

  • Guangzhou CTF Finance Centre 广州周大福金融中心 by Guangzhou Xinyu Properties Co., Ltd.

Best Commercial Development (Shenzhen)

  • One Bay 湾汇商业 by Shenzhen Parkland Real Estate Development Co., Ltd.
  • Ping An IFC 深圳平安金融中心购物中心 by Ping An Group / Shenzhen Ping An Financial Centre Construction and Development Company Ltd.

Best Mixed-Use Development (Hong Kong & Macau)

  • 18 On Lan by Henderson Land Development Company Limited
  • Tower535 by Big Harvest International Limited & Orient Master Limited / Phoenix Property Investors

Best Commercial Development (Hong Kong & Macau)

  • Global Trade Square by Henderson Land Development Company Limited / Hip Shing Hong Development Company Limited
  • H.A.N.D.S by The Link Management Limited
  • Hotel sáv by sáv Hospitality Group
  • Galaxy Macau (Phase 2) by Galaxy Macau

Note: The ‘best of the best’ awards for Best Residential Development (China), Best Commercial Development (China) and Best Green Development (China) will be revealed during the gala dinner.

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China’s finest: official China Property Awards 2015 shortlist revealed

Real Estate

Miami – A Great Place to Buy Real Estate

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Miami has evolved into a cosmopolitan wonder city under the sun. Famous for its great beaches, this city has also earned a reputation of being a sexy, marvelous and trendy place to live. From amazing golf courses like the one at Crandon Park in Key Biscayne to the Miami Metro Zoo, this beautiful city has something to offer to everyone. Owning a piece of paradise is a dream within reach of locals and foreigners as well. People from all parts of the world have already taken advantage of the great opportunities available today in the marketplace.

Miami has some of the most amazing real estate developments like the astonishing Santa Maria located in Brickell, or the unbelievable towers of Icon Brickell. Some other exclusive and impressive Miami condos include, the Jade at Brickell, the 900 Biscayne in downtown Miami, the fabulous Trump Palace in Sunny Isles Beach and the astonishing Icon South Beach just to name a few. These modern Miami luxury condos have all the comforts and amenities only found in five star hotels.

The city of Miami has it all, great golf, amazing beaches, a turquoise beautiful ocean, a warm weather, excellent shopping, an electrifying night life, lots concerts, entertainment and sports events at the famous America Airlines Arena in downtown Miami.

Miami real estate buyers are as diverse as the city culture and population itself. Buyers come from all over the globe, Europeans, Latin Americans, and Asians and of course buyers from all around the United States. Some have chosen this beautiful city to have a second home and some have fallen in love so much that they now call Miami their home making it an exciting melting pot to live in.

Source by Mauricio Chaparro Bosch

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Real Estate

Real Estate Investor's Secret Weapon

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Real Estate Investors have a unique tool in their arsenal that other types of investors do not. One of the oldest tax code sections is 1031. This secret weapon is called a 1031 exchange. It is one of the few areas of the tax code where the US Government allows taxpayers to sell an asset and not immediately pay the taxes. Even State taxes are deferred. The way a 1031 Exchange works is simple. If you sell piece (s) of investment property, and you are want to buy of another piece (s) of investment real estate of equal value, you can defer indefinitely all taxes (capital gains (15%), recapture tax (25% ) and state income tax). This is the benefit: by not having to pay those taxes, you can keep your money (instead of giving it to Uncle Sam) and smartly reinvest it for yourself to grow your real estate portfolio. 1031 is a free financial tool that let you keep 15-30% of taxes you would have had to pay. In the world of increasing taxes, 1031 is a viable alternative.

There are some guidelines that need to be followed, and I will break them down. First, what is investment real estate? Investment real estate is defined as property used in a trade or business. It could be used to run your office or it could be rental property. One of the nice flexible features of 1031 is that all real estate is exchangeable. This means that a home can be exchanged for a condo or a piece of land can be exchanged for a commercial property. I use the rule of thumb that any property with a deed can be exchanged for another property with a deed. The other nice feature is that you can sell one property and purchase more than one replacement property or vice versa.

There are three main rules that investors need to know about 1031 exchanges. First of all, you must use a Qualified Intermediary (an Independent Middleman) to help facilitate your 1031 exchange. The QI, as they are called will do many things including prepare the Exchange Agreement, Escrow your 1031 proceeds, and most importantly make the exchange go smoothly. The QI must be hired prior to the closing of the relinquished property. Secondly, the Exchangor (the person doing the exchange) has 45 days from the closing date of the relinquished property to identify the replacement property. Identification means to list (not go under contract) up to 3 properties of any value and send them to the QI. Finally, the Exchangor has 180 days (from the date closing on the relinquished property), to close on one of those three identified replacement properties.

I don't want to over simplify 1031. Please consult your tax advisor in addition to your Qualified Intermediary to analyze your exchange and to be sure you are making the best tax decision. I do believe the rule of thumb should be if you want to keep your money invested in real estate, then 1031 is a tool you must consider.

1031 can be a potent weapon for the smart real estate investor. There is nothing worse than having a client not consider 1031 or not have their real estate professional tell them about it and the relinquished real estate closes and the client changes their mind. After the relinquished property closes, it is too late to do an exchange. 1031 is an efficient tool for an investor to build their portfolio. Plan your transactions and watch your real estate fortune grow.

Dave Owens, CPA, CES is the managing Member of Entrust 1031 Exchange. Dave and his staff have successfully performed over 10,000 exchanges since 1997. Entrust has an arsenal of tax free strategies. Feel free to contact Dave for more information or questions at 239-333-1031 or owens66@entrustfreedom.com .

Source by Dave Owens

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How to Become a Successful Real Estate Developer

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Real estate investment and development has never been a more popular pastime or career changing challenge; if you would like to learn seven secrets for consistently successful real estate investing through development or you would like to know how you can continue to profit from property even if the market takes a downward turn just read on …

1) Do Your Location Homework – did you know that through successful and sustained location research professional property investors actually continue to profit during a market down turn? It's true – whatever the market conditions you can apply their location research approach to your real estate investments and also make consistent profits from property.

Take the necessary time to learn all about a town or city you're considering for your next property development purchase and discover where the up and coming areas of that town are likely to be. If there are inner-city redevelopment projects planned examine the real estate market in the immediate vicinity, if there are areas that are booming right now examine the immediate neighboring areas for their potential for future prices arises for example.

Do not follow the crowd – have the confidence to buck the trend and get ahead of the curve by positioning yourself in a market that is about to boom rather than one in that has already blossomed.

2) Know What You Can Afford – While it can pay to sometimes speculate never be tempted to jeopardize your own home. Work out your finances and be ruthlessly strict about what you can and can not afford as a down payment, for mortgage costs and for the renovation and redevelopment of your next real estate investment. Only proceed within the confines of your tightly allocated budget and do not be tempted to over extend yourself specifically if competition in the property market is tough and the market is slow or stagnant.

3) Identify Your Target Market – Having identified your next location for property investment identify the types of people who buy into renovated assets in that location. Know who your target market are going to be and what they are likely to look for in a property in that location. If for example you're examining inner-city spaces you might identify that your buyers will be young single professionals and that the ideal property type for these people will be luxury low maintenance apartments – seek out suitable properties with the potential for redevelopment into luxury low maintenance apartments and you will fulfill your target market's brief … seek out large homes with substantive gardens in the area and you will have totally missed the market and potentially created a property that will not sell!

4) Renovation Not Rebuild – Know your budget limits and your personal skill restrictions. Do not consider taking on a property that is in need of a complete structural overhaul when your budget is tight or you do not personally have the time, skills or inclining to do the structural work yourself. Be realistic about what you and your budget can achieve and seek properties that fulfil that brief. Pay to have an independent and complete survey done on any property you are seriously considering buying before making a down payment to ensure that there are no hidden surprises waiting for you benefit the floorboards to eat up your budget in its entity.

5) Manage Your Budget – With your survey in hand you can approach builders for statements and seek out prices for fixtures, fittings, finishes and furnishings. Take the prices quoted and sourced and build your budget. Factor in overwriting mortgage and service costs and labor costs as well as your findings and structure and allocate your money accordingly. Watch every single spend and be ruthlessly strict with yourself and your builder. If at all possible have your builder commit to a contract with fixed finish dates and fees and stay on top of every single penny or cent every single day. At the end of each week tally up your outgoings and expenditure and ensure you're not exceeding your budget. If you're overspending rein it in or you will have to shave it off other areas of the development. Remember never to scrimp and save on finishing touches and always give yourself a realistic fall back fund in case of emergencies.

6) Appeal To The Widest Market – Forget putting your personal stamp on any property you develop – you are not going to be living in the property! You should already have identified your target market which will give you a good idea of ​​the level and quality of finish expected, now meet those expectations without adding your own personal taste into the equation. By appealing to the widest market or the lowest common denominator your property will be attractive to the majority of buyers making it faster and easier to sell on and profit from.

7) Make Friends With A Real Estate Agent – Your greatest ally when developing property will be your real estate agent. Make friends with these guys and you will build a beautiful and successful symbiotic relationship in which you both profit to the maximum! Real estate agents are a fountain of untapped knowledge about the local market, who is looking for what property in which area, which additional features cost little to add but which push up the asking price and what a buyer expects from your particular property type. Get the facts from your real estate agent and then apply their advice. You will create a property they can market for top dollar and to the widest market – you will make more profit and they will make a larger commission including a beautiful and lasting friendship!

Finally, remember that when you've bought, renovated and sold on you'll be looking for that next property opportunity and any real estate agent who you've worked with well will be on the hunt for suitable real estate for your next investment making any identical purchases that much easier to source.

Source by Rhiannon Williamson

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