Asian Influence

A detailed Summary of Asian Influence

Commentary on the article: Asian looking again at

In the beginning of the last year, Taiwanese and Singaporeans came to Vancouver with a lot of money

looking for prospects in the real estate market. These business people were looking for

rental building, which were the "hot ticket" in real estate according to Vancouver relater John Gee

The part of the city, which is attracting these buyers, is the West End of Vancouver,

where the vacancy rate is about 1%. Even though some people feel real estate is really strong, others are

trying to sell their buildings citing that the real estate market is stagnant.

After reading this through I think that the Asians are doing the wrong thing by

getting in to the real estate business because it is slow. It may take along time to recover their investment

off the rental buildings. I also that the property value could decrease in price because most of the

properties in Vancouver, especially commercial real estate, are overpriced.

However, factors attracting overseas investors include low vacancy rate, low interest rates, and a

estate market offers great opportunities. On the other hand Asian investors can receive larger returns in

Approximate Word count = 843
Approximate Pages = 3 (250 words per page double spaced)

Category: Politics

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