This morning, i come across an article in News Straits Times titled "Chinese Buying Up French Vineyards". According to the article, China has become the biggest importer of Bordeaux wines with consumption soaring by 120% in 2011 alone. Reports also indicate that between 15 and 20 Chinese individuals or businesses have purchased wine-growing properties in Bordeaux, many of whom export the wine back home. The fad started back in 2008 when these investors purchased mostly small and sometimes distressed wineries. About 30 more deals could be in pipeline.
It is understood that thousands of wine properties for sale, with prices starting from USD$3mil (RM9mil). Usually, the building makes up to 50% of the property price.
I'm just wondering when the Chinese will come to Malaysia to snap up our Durian Plantation or Swiftlet / Bird House. Ha ha, very unlikely right?
It is understood that thousands of wine properties for sale, with prices starting from USD$3mil (RM9mil). Usually, the building makes up to 50% of the property price.
I'm just wondering when the Chinese will come to Malaysia to snap up our Durian Plantation or Swiftlet / Bird House. Ha ha, very unlikely right?
Chinese businessman Richard Shen Dongjun feels right at home in Bordeaux.Photo: AFP/GETTY
Li Lijuan, the 28-year old Chinese woman in charge of managing the Grand Moueys property in the absence of Chinese businessman Jin Shan Zhang, walks in front of the Chateau du Grand Moueys in Capian March 7, 2012. Credit: Reuters/Caroline Blumberg
The Knight Frank Vineyard Index from "The Wealth Report: A Global Perspective on Prime Property & Wealth 2011" by Knight Frank & Citi Private BankRelated Articles:
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