This is because Chinese investors who are also US citizens, such as David Liu who is one of the largest buyers of rental apartment buildings in the US, are still not accounted for in official figures.

Currently market analysis companies, such as Real Capital Analytics, only count Chinese investors who are based in China, whilst other sources of Chinese investment clearly exist.

Real Capital Analytics will does not count David Liu’s transactions because his company, Standard Portfolios, is located in the US.

With China’s economy generating billions of dollars of surplus cash each year, the number of Chinese investors looking for opportunities in the US are rising.

Additionally, China’s Sovereign Wealth Fund and companies such as the China Investment Corporation have been looking to buy stakes in US focused real estate funds.

However, if these investments are made they will not be recorded by Real Capital Analytics as Chinese investment because the companies will not own the property directly.

There are many Chinese investors who currently operate ‘under the radar’, buying up thousands of distressed properties that have come onto the market due to the economic downturn.

Until real statistical analysis of these ‘underground’ property investments is made, the true figures will remain unknown.

Source: http://www.oceanvillasgroup.com/property-news-detail.asp?NewsID=292

Web site: http://www.oceanvillasgroup.com

Consequently, we did not want to add excess capacity in terms of hotel rooms into our development, as this may add unnecessary competition to our own inventory on which our and your financial return relies. We do believe we have some excellent facilities at West Sands which will enable us to outperform the Phuket Resort market and deliver superior returns to our investors.”

The letter went on to say, “On December 20th we will open the waterpark.  This is Thailand’s first major themed water attraction and undoubtedly will become one of the top tourist attractions in Thailand.  We predict that 1000 customers per day will use the facility and a number of these will become buyers of property and renters of our inventory, thereby driving up occupancy and room rates.  This will have a positive effect on the rental returns and also the capital value of your and our investment.  In addition to the rides and attractions, the water park has good food and beverage provision, with a food court, bars and an international deli which will also be available to West Sands residents.”

“I know it has been a bit of a long road for you all, particularly for our early investors, but I think we can all look forward with confidence that West Sands will be tremendously successful, and we should see the fruits of our investments very rapidly.”

Outrigger have committed to two new hotels in Phuket this year, initially with the opening of Outrigger Serenity Terraces, Rawai which has reportedly high occupancy levels and Outrigger Laguna Phuket Resort and Villas, located within the five star Laguna Resort in Bang Tao Bay. This is due to open on 1st December 2009. It is unclear at this stage whether West Sands still have plans to build the high capacity hotel at the resort or if these plans will be shelved indefinitely.

West sands have a range of apartment and villa properties available for sale with prices from 9,350,000 Baht, the resort also offers owners flexible rental guarantees with returns up to 8% per annun.

(c) Copyright Phuket Ocean Villas Co. Ltd 2009

Author: Rebecca Smith, Sales Director, Phuket Ocean Villas Co. Ltd

http://www.phuketoceanvillas.com

email: info@phuketoceanvillas.com

Tel 0066 (0)76527565

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Phuket Ocean Villas specialise in luxury ocean view property in Phuket, Thailand. We have a superb and extensive portfolio of luxury property in Phuket, available in breathtaking locations throughout the island, including new property, resale property and land.