As foreign investment surges, Massachusetts, is leading the pack of states in which Chinese buyers desire to invest in the United States. Behind only California,Washington, and New York, the New England state is more attractive than ever to wealthy investors, who are drawn towards Boston specifically.
Boston, Massachusetts goes above and beyond the ideals of The American Dream. Highline cityscape and deep-blue ocean can be captured in a single view, while the worlds finest Clam Chowder wafts through the air. The streets are alive with both young and old, those working in the financial district downtown or those living in one of the most rapidly growing areas in the Seaport to enjoy the surrounding nightlife. For students, there are over 50 renowned universities and colleges, some that specialize in just music or trade fields, and others that continue to set nationwide standards year after year. For parents, there is a peace of mind that their children are safe in the hands of a city that has produced some of the worlds finest innovators since 1630.
Chinese investors have continuously been playing a large role in the Greater Boston real estate market - and you ask why? My clients are moving here to Boston mostly for education because there are many well known schools here: Harvard, Massachusetts Institute of Technology, Boston University, Boston College, New England Conservatory, and the music colleges. They are moving here to prepare [their children] for attending these quality schools in the future, said Gibson Sothebys International Realtys own Siufu Lau, a Hong Kong native who specializes in the sale of luxury homes throughout the greater Boston area.
The presence of strong research universities also gives way to a vibrant, startup culture, perfect for venture capital investment. In an article on Chinese investment in Boston tech-startups, Gregory T. Huang of Xconomy reported that Haiyin Capital, based in Beijing, has made investments in four Boston-area tech companies, totaling about $20 million, partner Xin Ma said. These companies include a flying-car developer, a solar-cell firm, a wireless-power company, and a flexible-electronics developer, and are referred to by Ma as only the first wave of Boston investment for his firm. In 2015, the Marriot hotel in Burlington, MA, even hosted the U.S.-China High-Tech Summit, Boston 2015, which brought together a mix of Chinese officials, business leaders, and Boston-area startups.
The future is bright for continual investment in Boston, and China is on the forefront of the beautiful, positive change.