Connecting China to Luxury Real Estate

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Luxury Real Estate has announced it is expanding its operations in China. Mr. Wang Cong of Shanghai has been appointed as Director of Luxury Real Estate in China. The network continues to expand with its newest affiliates.

Luxury Real Estate today announced that it is expanding its global network by launching operations in China. Mr. Wang Cong of Shanghai has been appointed as Luxury Real Estate’s Director for China. Mr. Cong has a decade of experience in the real estate market and has been an influential member of the business elite in China and throughout Asia. His most recent real estate endeavor, Sheshan Golf Club, was host to Tiger Woods for the HSBC golf tournament in Shanghai last month. Sheshan Golf Club has joined the Luxury Real Estate network and is listing luxury villas on the 18-hole international golf course with an average listing price of 2.5 million.

John Brian Losh, CEO/Publisher of Luxury Real Estate and LuxuryRealEstate.com says, “I am thrilled to have Mr. Wang Cong represent us in China. He has been extremely well received by our 770 plus members as he represents an emerging market where many of our luxury brokers are seeing increasing activity.”        

Luxury Real Estate member, Ruth Chizzini of Julia B. Fee Real Estate in Westchester, NY just returned from a two week tour through China and reported an immensely strong real estate market. “There is so much money flowing in China,” says Chizzini. “Shanghai is Manhattan! Beijing, Hong Kong, even Singapore are all aglow with bustling business.” Luxury Real Estate’s appointment comes at a time when western investors are moving their funds into China at a fierce pace. US investment alone reached over 3.5 billion for 2005. ”I have no doubt that the timing of Mr. Cong’s appointment couldn’t be better,” declared Losh.

Luxury Real Estate’s global expansion continues with its newest international affiliates: Insight Prestige of Australia; Dingle Partners of Australia; Royal LePage Timeless Properties Realty of Canada; Sheshan Golf Community of China; Better Homes of Dubai; CB Richard Ellis Asesor Inmobiliario of Panama; Rive Droite Immobilier of Switzerland; Precious Villas of U.K.; Hamptons International of U.K.; Grace Bay Realty of Providenciales, Turks and Caicos Islands.

Its newest US affiliates include: The Grubb Co of Oakland, CA; Susan Burns of Coldwell Banker of Montecito, CA; Harry Kolb of Sotheby’s of Santa Barbara, CA; Julie Williamson of Palm Desert, CA; Up Valley Real Estate of St. Helena, CA; The Debbie Reed Team of Rehoboth Beach, DE; Kelly Osborn of Florida Executive Realty of Tampa, FL; The Greg Ellingson Team of Satellite Beach, FL; Tomlinson Black of Coeur d'Alene, ID; Town & Country, Realtors of Camden, ME; Land Rush Realty of Flathead Lake, MT; Lake Toxaway Company of Lake Toxaway, NC; Coldwell Banker Milestone Real Estate of New London, NH; Heritage House Realtors of Rumson, NJ; Award Realty of Las Vegas, NV; Devlin McNiff Real Estate Inc. of East Hampton, NY; Pauletta Caldwell of Platinum Realty of Avondale, PA; Properties of the Carolinas of Mount Pleasant, SC; Bob Parks of Nashville, TN; Thomas & Talbot Real Estate of Middleburg, VA; Jackson Hole Real Estate & Appraisal of Jackson Hole, WY.

The Luxury Real Estate membership consists of more than 776 boutique and specialty real estate brokerage firms from around the world that consistently sell in the top 10% of their markets. The network includes 2,814 offices with 72,768 sales associates in 64 different countries. LuxuryRealEstate.com has been named “Best of the Web” by Forbes magazine for five consecutive years and currently provides access to more than 35,000 for-sale properties from around the world, with an average list price of $2,146,691. For more information, please visit http://www.LuxuryRealEstate.com or call 1-800-488-4066.

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