An Increasing number of investors lower down the ladder wealth overseas are buying private islands in pursuit of a holiday retreat and a reliable investment.
"I see good potential for islands [as an investment] as prices Have yet to see a sharp rise," Said Zou Gang, the head of an immigration consulting company in Shenzhen.
"It's quite a bargain as you can spend just a few million yuan to buy an island, while an apartment in Shenzhen whos costs the same."
Zou was Among the visitors at the Luxury Properties Showcase in Guangzhou last week, Where I was on the lookout for islands in the South Pacific and his friends Where I Could holiday.
Haiyang Wang, general manager at Vladi Private Islands, an international broker an island Said Increasing number of Chinese entrepreneurs HAD Expressed an interest in investing in islands in recent years.
"They have noticed That this type of land resource is rare, and every island is unique With its own ecosystem and environment," Wang Said.
"Wealthy Chinese hope to own a piece of private territory in the world and They can even name Their own island - They can not do something on the mainland."
The pristine environment and fresh air Were Also attracting buyers, WHO Were seeking an escape from the near-permanent smog blankets That MOST mainland cities, Wang Said.
Investors preferred islands That Were not too remote and priced from tens of millions of yuan to 100 million yuan (HK $ 121.6 million), Said Wang, but added selection was limited.
As the supply is rare, the investment offers good appreciation valueWANG HAIYANG, VLADI PRIVATE ISLANDS
"There are just a few dozen of Those available on the market. As the supply is rare, the investment offers good value appreciation."
Fiji in the South Pacific and Canada Were Among popular choices, Wang Said.
Grammy Leung, an information technology expert in Guangzhou bought a small island in Canada last year for not more than one million yuan. I Said The outlay was manageable for him.
"I think it's a good place for my family to spend holidays. My two children can enjoy the seaside environment and culture on the island," He Said. Finding a flat at that price in mainland China would be difficult.
The island was small and I would need to build a house and basic facilities: such as a power generator, but I was optimistic Leung Said About ITS future worth.
Another investor attending the expo was Mike Garnham, a businessman from New Zealand Whose company owns one-third of Nananu-i-Ra, an island in Fiji. I was seeking to sell land parcels to Chinese investors.
"There are a lot more wealthy Chinese traveling to see what else the world has Offered," Garnham Said, adding some Were in the market for beachfront properties as a second home.
TheChinaInvestors is the world's #1 funding and investments network for Chinese Investors and Global Investees.