Home prices in niche residential retreat areas have taken a beating since the global financial crisis, according to a study.London-based international property consultants Savills said this month that values for such homes are up to 30 per cent below peak levels.
But they are expected to return to pre-crisis levels by 2019, led by "high-quality, low-supply prime hot spots" such as those in the Spanish Balearics and the Caribbean.
Following a turnaround inChina Work Visa application form prices last year after the global economic downturn, Savills estimates that properties in "city getaway locations" such as the Mediterranean may see continued price growth of up to 10 per cent this year.
With property markets in prime cities becoming more fully valued, second homes in popular locations are becoming increasingly attractive as an alternative investment for the wealthy.
"There are strong signs that the recovery which started in major world cities in 2009 is now rolling out to the hinterland and boltholes inhabited during weekends and vacations by equity-rich homeowners," said Savills World Research director Yolande Barnes.
France is leading the price table. A typical four-bedroom villa or apartment in the French Riviera is going for about ￡2 million S$4.2 million.
Before the crisis, prime RivieraChina Student Visa application locations such as the Provencal town of Saint-Tropez could fetch prices up to four times that, according to a May 2007 New York Times article.
Investors from Russia, Britain and the Middle East are chasing a limited number of French holiday properties. An example is the popular region of Saint-Jean-Cap-Ferrat in the Riviera - the exclusive tourist peninsula has only 500 homes.
Spain and Portugal have seen home prices in holiday locations fall by up to a third from peaks in 2007.
2014年4月15日星期二
Tourist visa reforms for Chinese an investment
It was “hypocritical” to treat them differently to American tourists, he said.Chinese tourists - many of whom make a beeline for Mr Packer’s Crown resorts and casinos - could create tens of thousands of new jobs in Australian tourism.
“Why should the visa -requirements for a wealthy Chinese visitor wanting to come to Australia be any harder than the visa requirements for a wealthy American?” he asked in an exclusive interview with the Herald Sun in Macau.
“We’re not in a Cold War anymore. The dollar’s at 91 cents because of China, not America, and we all benefit, so let’s not be hypocrites.“The visa processing system for Chinese tourists has improved recently, but there is more work to do in this area and each day we waste costs Australia a great amount of tourism dollars,’’ he said.
“Visa applications are done in English, not Mandarin, that’s stupid. And they are not done online, that’s stupid.“I think over 70 countries can apply for an Australian tourist visa online but China isn’t one of them.”
Mr Packer, whose estimated $7.3 billion fortune has seen him ranked the 211th richest person in the world by Forbes magazine, has built a sizeable portion of his wealth through attracting wealthy Chinese gamblers and tourists.
About $1 billion of Crown’s $2.8 billion revenue in Australia last financial year came from overseas visitors — the vast majority from China.Mr Packer will next week join Prime Minister Tony -Abbott on a trade mission to Japan and China.He said the rise of the Chinese middle class was hugely important to the Australian economy.
The 46-year-old inherited a gaming and media business from his father Kerry, who died in 2005, and has spent 10 years consolidating it into a gaming behemoth.
“Why should the visa -requirements for a wealthy Chinese visitor wanting to come to Australia be any harder than the visa requirements for a wealthy American?” he asked in an exclusive interview with the Herald Sun in Macau.
“We’re not in a Cold War anymore. The dollar’s at 91 cents because of China, not America, and we all benefit, so let’s not be hypocrites.“The visa processing system for Chinese tourists has improved recently, but there is more work to do in this area and each day we waste costs Australia a great amount of tourism dollars,’’ he said.
“Visa applications are done in English, not Mandarin, that’s stupid. And they are not done online, that’s stupid.“I think over 70 countries can apply for an Australian tourist visa online but China isn’t one of them.”
Mr Packer, whose estimated $7.3 billion fortune has seen him ranked the 211th richest person in the world by Forbes magazine, has built a sizeable portion of his wealth through attracting wealthy Chinese gamblers and tourists.
About $1 billion of Crown’s $2.8 billion revenue in Australia last financial year came from overseas visitors — the vast majority from China.Mr Packer will next week join Prime Minister Tony -Abbott on a trade mission to Japan and China.He said the rise of the Chinese middle class was hugely important to the Australian economy.
The 46-year-old inherited a gaming and media business from his father Kerry, who died in 2005, and has spent 10 years consolidating it into a gaming behemoth.
2014年4月9日星期三
Police looking for father of 'Mai'
Police are hunting for the father of an abandoned toddler while the child's mother is being held at Villawood Immigration Detention Centre.
The mother of the girl, who is aged about 18 months, only found out that her child had been dumped on the doorstep of a western Sydney home after seeing media reports, a Family and Community Services spokesman said.
"The woman was alerted to the child's whereabouts after seeing media reports," the spokesman said.The doorstep where 'Mai' was found'.China Crew Visa application formThe doorstep where 'Mai' was found."Police are still hunting for the father; he has gone to ground."Fairfax Media understands the girl's parents had been involved in a dispute and the child was in the care of her fatherChina Business Visa application at the time she was dumped outside an Auburn house just before 10pm on Monday.
Auburn police superintendent, Phil Rogerson, said police interviewed the 24-year-old mother after finding her distraught."We found her on the street down the road from the police station. She was very upset so we brought her in."The woman, believed to be from China, was taken into the custody of the Department of Immigration and Border Protection after she was interviewed by police with the help of an interpreter.
It is understood she was detained because of a visa issue.A spokeswoman for Immigration Minister Scott Morrison said the woman was an "unlawful non-citizen".The little girl, dubbed "Mai" by carers, would soon be returned to her mother, she said.
"[The baby] will soon return to the care of her mother in the Sydney Immigration Residential Housing while efforts are made to resolve their immigration status," the spokeswoman said.
The mother of the girl, who is aged about 18 months, only found out that her child had been dumped on the doorstep of a western Sydney home after seeing media reports, a Family and Community Services spokesman said.
"The woman was alerted to the child's whereabouts after seeing media reports," the spokesman said.The doorstep where 'Mai' was found'.China Crew Visa application formThe doorstep where 'Mai' was found."Police are still hunting for the father; he has gone to ground."Fairfax Media understands the girl's parents had been involved in a dispute and the child was in the care of her fatherChina Business Visa application at the time she was dumped outside an Auburn house just before 10pm on Monday.
Auburn police superintendent, Phil Rogerson, said police interviewed the 24-year-old mother after finding her distraught."We found her on the street down the road from the police station. She was very upset so we brought her in."The woman, believed to be from China, was taken into the custody of the Department of Immigration and Border Protection after she was interviewed by police with the help of an interpreter.
It is understood she was detained because of a visa issue.A spokeswoman for Immigration Minister Scott Morrison said the woman was an "unlawful non-citizen".The little girl, dubbed "Mai" by carers, would soon be returned to her mother, she said.
"[The baby] will soon return to the care of her mother in the Sydney Immigration Residential Housing while efforts are made to resolve their immigration status," the spokeswoman said.
Xi’an to join China’s visa waiver scheme
The capital of Shaanxi province, which is home to the world famous Terracotta Warriors, will allow passengers transiting through Xi’an Xianyang International Airport to stay in the city for three days without obtaining a visa prior to arrival, as long as they have an onward ticket for a flight to a third destination, departing within 72 hours of their arrival.
The scheme is available to citizens of 45 countries, including the all EU member states, the US, Canada, Mexico, Chile, Australia, New Zealand, Japan, South Korea, Singapore, Brunei, Russia, Ukraine, Qatar and the UAE.
It will be useful to also note that while Modi was facing an American and European winter over the past decade, the governments of Asian nations were sowing seeds of cooperation with him. In the past decade, Modi has visited China and Japan, their officials have been visiting Gujarat, and these governments have encouraged state-supported investments in Gujarat. Of course there have been American investments also in Gujarat – but there has been no American political support for these private investments.
In fact another question lurking in the background is whether Modi’s foreign economic policy will have a soft-leaning towards Asia, as compared to the U.S.? The short space in this article does not allow a discussion on that, and is the subject of another article.
Xi’an becomes the ninth Chinese city to offer the service, following Shanghai, Beijing, Guangzhou, Chengdu, Kunming, Chongqing, Dalian and Shenyang.
Shaanxi province welcomed 285 million tourists in 2013, 797,000 of whom entered through Xianyang Airport. The new policy is expected to come into force in the next two months.
The scheme is available to citizens of 45 countries, including the all EU member states, the US, Canada, Mexico, Chile, Australia, New Zealand, Japan, South Korea, Singapore, Brunei, Russia, Ukraine, Qatar and the UAE.
It will be useful to also note that while Modi was facing an American and European winter over the past decade, the governments of Asian nations were sowing seeds of cooperation with him. In the past decade, Modi has visited China and Japan, their officials have been visiting Gujarat, and these governments have encouraged state-supported investments in Gujarat. Of course there have been American investments also in Gujarat – but there has been no American political support for these private investments.
In fact another question lurking in the background is whether Modi’s foreign economic policy will have a soft-leaning towards Asia, as compared to the U.S.? The short space in this article does not allow a discussion on that, and is the subject of another article.
Xi’an becomes the ninth Chinese city to offer the service, following Shanghai, Beijing, Guangzhou, Chengdu, Kunming, Chongqing, Dalian and Shenyang.
Shaanxi province welcomed 285 million tourists in 2013, 797,000 of whom entered through Xianyang Airport. The new policy is expected to come into force in the next two months.
2014年4月1日星期二
Visa waiver boosts Beijing visits
Beijing saw nearly double the number of travelers that benefited from the capital's 72-hour visa waiver policy in January compared with the same period last year, authorities said on Tuesday.
The city received 1,746 transit passengers in January at Beijing Capital International Airport China Crew Visa application formwho benefitted from the waiver policy, which allows a visitor with an airline ticket to stay 72 hours without a visa. The jump represented a year-on-year increase of 184.8 percent, according to the Beijing Tourism Development Commission.
The capital approved the 72-hour visa waiver for people from 45 countries on Jan 1, 2013, to boost the city's inbound tourism. The commission said the policy has attracted more international tourists to the Chinese capital this year.
Commission officials also announced they are considering a tax refund program to attract more overseas tourists. The program would allow foreign visitors to claim tax refunds at shopping malls in the city.
City officials said they are working to make the visa application process easier for foreigners and create more customized tour packages, China Business Visa applicationincluding exclusive discounts at the international airport and for buses that will take tourists from the airport to hotels and attractions.
It is also seeking alliances with other Chinese cities that have already implemented visa waiver policies, including Shanghai, Guangzhou, Chengdu and Chongqing, to market tourism in China to the world.
Dai Bin, professor of tourism at Beijing International Studies University, said the policy will help increase spending by overseas visitors.
According to the Beijing Port Office, the international airport received more than 7.06 million visits in January, a year-on-year increase of 9.2 percent.
The city received 1,746 transit passengers in January at Beijing Capital International Airport China Crew Visa application formwho benefitted from the waiver policy, which allows a visitor with an airline ticket to stay 72 hours without a visa. The jump represented a year-on-year increase of 184.8 percent, according to the Beijing Tourism Development Commission.
The capital approved the 72-hour visa waiver for people from 45 countries on Jan 1, 2013, to boost the city's inbound tourism. The commission said the policy has attracted more international tourists to the Chinese capital this year.
Commission officials also announced they are considering a tax refund program to attract more overseas tourists. The program would allow foreign visitors to claim tax refunds at shopping malls in the city.
City officials said they are working to make the visa application process easier for foreigners and create more customized tour packages, China Business Visa applicationincluding exclusive discounts at the international airport and for buses that will take tourists from the airport to hotels and attractions.
It is also seeking alliances with other Chinese cities that have already implemented visa waiver policies, including Shanghai, Guangzhou, Chengdu and Chongqing, to market tourism in China to the world.
Dai Bin, professor of tourism at Beijing International Studies University, said the policy will help increase spending by overseas visitors.
According to the Beijing Port Office, the international airport received more than 7.06 million visits in January, a year-on-year increase of 9.2 percent.
Number of Chinese tourists to surge 60% this year
Number of Chinese tourists to surge 60% this year
The Tourism Ministry forecasts that the number of Chinese visitors will surge 60% this year to 40,000 as Israel tries to take a bigger bite into the more than $100 billion that Chinese tourists spend annually.
More than three years ago, then-Tourism Minister Stas Misezhnikov prioritized tourism from China. Since then, tourist arrivals from the Middle Kingdom have increased between 20% and 30% annually, but the numbers are minuscule compared to the 100 million Chinese who took overseas trips last year.
Israel is particularly targeting middle- and upper-class tourists as well as Chinese Christians. In 2012, the Chinese tourist’s average spending per day in Israel was $286 not including souvenirs — higher than for visitors from any other country. Overall, Chinese tourists spent $102 billion on overseas travel.
As part of the government’s efforts, Tourism Minister Uzi Landau will head a delegation to China in June that will include executives from the Israeli airline and hotel industries. The 20 or so Israelis will study the needs of Chinese tourists, seek to develop ties with travel wholesalers in China, and address barriers to growth in Chinese tourism to the Holy Land.
A big barrier is the red tape in issuing tourist visas to Chinese citizens, something the Tourism Ministry aims to simplify.
“Our challenge is to dramatically reduce the amount of time — currently as much as a month — that it takes a Chinese tourist to obtain an Israeli visa,” Landau said. “To accomplish this, we are in touch with the immigration authorities, the Interior Ministry and the embassy in China.”
Another major impediment is El Al Israel Airlines’ monopoly on nonstop flights to and from China.
“We’ve had several discussions with the head of the Chinese aviation authority about more direct flights to Israel, and we’ll be appointing a special adviser precisely for that purpose — adding another airline to fly directly from China. More direct routes could change the entire picture,” Landau said, adding that efforts were being made to add a weekly charter flight from Shanghai.
The Tourism Ministry forecasts that the number of Chinese visitors will surge 60% this year to 40,000 as Israel tries to take a bigger bite into the more than $100 billion that Chinese tourists spend annually.
More than three years ago, then-Tourism Minister Stas Misezhnikov prioritized tourism from China. Since then, tourist arrivals from the Middle Kingdom have increased between 20% and 30% annually, but the numbers are minuscule compared to the 100 million Chinese who took overseas trips last year.
Israel is particularly targeting middle- and upper-class tourists as well as Chinese Christians. In 2012, the Chinese tourist’s average spending per day in Israel was $286 not including souvenirs — higher than for visitors from any other country. Overall, Chinese tourists spent $102 billion on overseas travel.
As part of the government’s efforts, Tourism Minister Uzi Landau will head a delegation to China in June that will include executives from the Israeli airline and hotel industries. The 20 or so Israelis will study the needs of Chinese tourists, seek to develop ties with travel wholesalers in China, and address barriers to growth in Chinese tourism to the Holy Land.
A big barrier is the red tape in issuing tourist visas to Chinese citizens, something the Tourism Ministry aims to simplify.
“Our challenge is to dramatically reduce the amount of time — currently as much as a month — that it takes a Chinese tourist to obtain an Israeli visa,” Landau said. “To accomplish this, we are in touch with the immigration authorities, the Interior Ministry and the embassy in China.”
Another major impediment is El Al Israel Airlines’ monopoly on nonstop flights to and from China.
“We’ve had several discussions with the head of the Chinese aviation authority about more direct flights to Israel, and we’ll be appointing a special adviser precisely for that purpose — adding another airline to fly directly from China. More direct routes could change the entire picture,” Landau said, adding that efforts were being made to add a weekly charter flight from Shanghai.
2014年3月26日星期三
Chinese tourists key to target
High-value Chinese tourists are central to the tourism industry's goal to reach $41 billion in revenue by 2025.That is according to outgoing Tourism Industry Association of New Zealand TIANZ chief executive Martin Snedden, who launched the industry's 10-year blueprint launch in Auckland.
The industry would focus on "growing volumes, but growing value faster", after some years during which average expenditure per tourist decreased to about $2300, Snedden said.china visa requirements houston Of the $41b goal, TIANZ wants $19.1b to come from international visitors.Industry players have all highlighted China as the prime target.
China generates $670 million in tourist earnings and that will double to $1.2b in five years, according to TIANZ.A Chinese law introduced last year banning budget shopping tours supported the step change to target higher-value, independent Chinese tourists, the TIANZ report said.
Snedden said independent Chinese tourists stayed longer, travelled more widely and spent more than their tour-bus counterparts.The public sector was working to improve visa and driver licence processing for china visa application form Chinese tourists while tourism operators were improving their activities and products, Snedden said.
Air New Zealand chief executive Christopher Luxon said tourism companies would have to be proactive in adapting to the growing Chinese market, as the airline had on its Shanghai to Auckland services.
"We have bilingual flight attendants, provide a choice of Chinese or Western-style food and offer Chinese inflight entertainment options," Luxon said.
Auckland tour company founder Neill Sperath said his company, Time Unlimited, was already attracting high-end Chinese tourist groups and was always looking to enhance its products to suit their needs.
The industry would focus on "growing volumes, but growing value faster", after some years during which average expenditure per tourist decreased to about $2300, Snedden said.china visa requirements houston Of the $41b goal, TIANZ wants $19.1b to come from international visitors.Industry players have all highlighted China as the prime target.
China generates $670 million in tourist earnings and that will double to $1.2b in five years, according to TIANZ.A Chinese law introduced last year banning budget shopping tours supported the step change to target higher-value, independent Chinese tourists, the TIANZ report said.
Snedden said independent Chinese tourists stayed longer, travelled more widely and spent more than their tour-bus counterparts.The public sector was working to improve visa and driver licence processing for china visa application form Chinese tourists while tourism operators were improving their activities and products, Snedden said.
Air New Zealand chief executive Christopher Luxon said tourism companies would have to be proactive in adapting to the growing Chinese market, as the airline had on its Shanghai to Auckland services.
"We have bilingual flight attendants, provide a choice of Chinese or Western-style food and offer Chinese inflight entertainment options," Luxon said.
Auckland tour company founder Neill Sperath said his company, Time Unlimited, was already attracting high-end Chinese tourist groups and was always looking to enhance its products to suit their needs.
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