The three-day 2010 Beijing Luxury Properties Showcase, which was held this weekend at the Ritz-Carlton Hotel, drew more than 4,000 high-net-worth individuals.
With the government property cooling measures taking effect in China, many well-off real estate buyers are looking for investments abroad.
Ashley Woo, sales and marketing manager for the showcase, said 51 property outfits from over 30 countries were invited to the event. The attendees were capable of investing at least 10 million yuan each in foreign assets.
The showcase exhibited opulent properties from around the world, including ecologically important land in Canada, ancient castles, villas in Thailand, and real estate in large cities in Japan and in the US.
The average attendee at the Beijing Luxury Properties Showcase was aged 50 years old and wanted to diversify their real estate portfolios from domestic to international markets, while some were looking to purchase homes for children studying abroad, said Ms. Woo.