International real estate is the new trend for investors in Hong Kong and Mainland China. As South Korea’s international status keeps on rising, DOB Global Property Investment Ltd (DOBG), with its sharp vision in the South Korean market, is becoming the immigration investment specialist in the region
Immigration is not new for Hong Kong people, yet immigration investment to South Korea is a new topic.
On Janurary 26/27, the First International Investment Immigration—South Korea Business Opportunity
Exhibition was held. Dora Hui-Huang, Managing Dirctor of DOBG, which held the Expo, received many enquiries during the preparations, and many responded that immigrating to South Korea is a brand new idea.
Callers asked Huang: “Why Korea?” With over 20 years of experience as a real estate agent, Huang said simply: “To sum up, a gentleman does not stand underneath a crumbling tower!”
She explained: “We see that the future for Hong Kong real estate is uncertain. From past experience, I expect that there will be adjustments. Sure, there are optimistic investors. Looking at South Korea though, its real estate is at a low point; they have high quality housing there, and now is the chance to purchase that housing, which is hard to come by during good times.”
No Binding-term of Immigration
She continues: “Also, with the price of US$500,000 (HK$3.875 million), one can become an investment immigrant nice and easy, without the ordeal of having to wait through the immigration term. Many Hong Kong people or buyers from Mainland China need one additional
insurance, but they don’t necessarily want to uproot their careers and move to a new environment.”
Besides, lately, South Korea has become trendy; in general, people feel good about South Korea, but with the language barrier, there is a sense of distance. Huang said she does not worry about this: “The problem of language will change as more foreign investment pours into South Korea.”
Similar Cultures, Diminishing Language Barriers
Huang visited South Korea twice last year, and she asked the chair of the Chinese immigrant society in Jeju about the language problem. She learned that there are more Chinese immigrants moving to Jeju in the past few years who had been called to help out newcomers with translations so that they
can obtain the needed services.
In addition, both Korea and China belong to the Huaxia-Chinese cultural circle. In the Qin Dynasty, the First Emperor of Qin sent Xu Fu out to search for the elixir of longevity, and the first land the troop of 600 boys and girls led by Xu Fu landed on was Jeju Island. This legend reveals the cultural ties between South Korea and China. Korean society shares similar ethics with China, and holds high
respect for the elderly. Chinese New Year is happening now, and the Korean people also celebrate this holiday by gathering with families.
Tour for March is Full
The Expo ended with great success. Arden Hill Villa in Jeju, with its price of US$500,000 (HK$3.875 million) along with permanent residence, attracted many interested investors. Busan’s Aratrium, with its rare full seascape and top quality housing, also received many enquiries. Alpensia Estate in Gangwan-do, with a price of US$1.2 million (HK$9.30 million) along with permanent residence, also had interested investors.
At the beginning of March, an inspecting group will set out for a first-hand experience, and Huang
hopes that through this trip, people who are interested in South Korean real estate can judge for themselves the value of housings there: “Of course, the most important thing is to think clearly before making any decisions. After all, buying a house is not going to the super market; we must feel it for ourselves.”
International real estate is not the same as local real estate; it is not easy to travel for business. To do well, Huang has done a lot of research and sacrificed much sleep, and she feels all this has been worthwhile. Her effort has won the appreciation and approval of South Korean developers and agents who attended the Expo.
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