The Pacific Business News recently reported that Investors from China have an 'insatiable appetite' for Hawaii Real Estate. According to Derek Muhs, co-founder of Affinity China, a company meeting the lifestyle and travel needs of its wealthy Chinese members, the Investors from China are buying Single Family Homes worth between $500,000 to $1.5 Million. The article reports that these Investors are expected to spend $175 Billion - that's with a "B" - in Hawaii Real Estate and around the world in the next few years.
The article also makes reference to the expectations of Investors from China. These Investors particularly like when your business changes to cater to their cultural expectations. I found this out first hand when I spent some time with my friends from China this weekend in Hawaii. Every restaurant we went to had menus available in English or Japanese Only. They were deeply offended that the restaurants hadn't made an effort to change their menus to include a Chinese translation.
It looks like I'll be ordering another set of Rosetta Stone........Businesses must adapt, grow or die.
If you'd like to read the full article by Duane Shimogawa of the Pacific Business News and learn more about Derek Muhs' business, follow this link: Pacific Business News Full Article
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Aloha!
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