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Property For Sale Or Rent: Plaza Hyundai Apartments :: Investment Real Estate

China

15 Minutes From Hongqiao Airport
Puxi, Shanghai
Hongqiao
China

Property for sale: $122,000 - $340,000 USD (Financing Available)

Luxury Apartments For Sale in Puxi, Shanghai, Hongqiao China

The architecturally impressive Plaza Hyundai will contribute to solve the significant hotel accommodation shortage in Shanghai. It is situated in Hongqiao District, where more than 300,000 expatriates are located.

The project will appeal to investors looking to prosper from the Shanghai real estate market.

The architecturally impressive Plaza Hyundai will contribute to solve the significant hotel accommodation shortage in Shanghai. It is situated in Hongqiao District, where more than 300,000 expatriates are located.

The project will appeal to investors looking to prosper from the Shanghai real estate market. The current rate of national economic growth, combined with the imminent revaluation of the Chinese currency and a booming real estate market (especially in the serviced apartment sector) makes Shanghai real estate an attractive proposition. Chinese currency revaluation is now also imminent, with various trade sanctions threatened to be imposed within the next 3 months if a depegging from the dollar is not carried out shortly. This will result in an increase in value of any Chinese asset from anywhere between 15-40%.

Plaza Hyundai in particular stands out as an opportunity for international buyers. The developer is due to appoint a leading global resort management company to manage the letting and management of the building. As part of this deal investors will be offered a hassle free, fully managed buy-to-let option with guaranteed returns of 7.5% per annum for 5 years (6.84% net after local tax and a charge for the replacement of furniture). Unusually, the Bank of China is also offering mortgage finance to international buyers at 50% loan to property value.

Unlike the majority of Shanghaiproperties, apartments at Plaza Hyundai come fully decorated and furnished within the asking price. Investors will also have the option of using an apartment free of charge for seven days per year.

The 25 storey tower is the first high grade serviced apartment building in the Hongqiao area. The property is priced in RMB and at current exchange rates a studio apartment will cost approximately Â£81,000 rising to Â£200,000 for a two bedroom apartment. Discounts from these base prices will be possible for early investors and bulk buyers. Each apartment will be finished to a high standard with wooden floors and marble finishes. Additional features include central A.C, under-floor heating system in the bathroom, internet and cable TV. The building will offer excellent facilities including:

The area attracts many foreigners because of the location near to the main business area, schools, shopping centres, consulates, and the exhibition centre.
There are a number of four and five star hotels along with a variety of bars and restaurants in the immediate vicinity
Access to the main highway is 2 minutes drive away
The Hongqiao domestic airport is 15 minutes drive
The Line 2 subway extension will have a station located 10 minutes walk away

Studio Apartment Units 45-60sqm Â£70,000 â€“ Â£100,000
1 Bed Apartment: Units 70-90sqm Â£103,000 â€“ Â£145,000
2 Bed Apartment: Units 115sqm Â£160,000 - Â£194,000

Apartments provided fully furnished to 5 star standard
47.5% loan-to-value mortgage finance supplied from HSBC, 10 year repayment at 5.51%

Payment schedule requires

Free use of an apartment in the hotel for seven days each year upon reservation and subject to vacancy
Full support through the purchase process provided by Property Frontiers and relevant partners;

Property Summary

Offered by		Agent
Construction Year		2006
Area		115 m2
Bedrooms		2
Bathrooms		2
Features		Furnished, Laundry Room, Gym/Spa, Swimming Pool, Club, Spa, Gym, Room Service, Maintenance, Front Desk, Restaurant, Bar And Coffee Shop, Landry And Dry Cleaning, House Keeping Services, Associated Office Building And Conference Centre,

Contact information

Contact person name		Property Frontiers - Property Frontiers
Phone numbers		+1 6462168079 (United States) +44 2079938888 (London) +44 1865 202700 (United Kingdom)
Website link		www.propertyfrontiers.com/plazahyundai/plazahyu