18 Jan Juwai.com Announces Partnership with Association of Family Offices in Asia
The Association of Family Offices in Asia has announced a strategic partnership with No. 1 Chinese international property platform Juwai.com. The new alliance will make it easier for high net worth and ultra high net worth Chinese and other wealthy Asian investors to source, evaluate, and invest in international real estate.
The two partners will jointly screen, review and partner in real estate and other investment opportunities; roll out a joint institutional training program to nurture more quality real estate investment professionals; and collaborate on events and functions serving investors.
The Association has more than 30 institutional members, as well as hundreds of Single Family Office Members with net worth typically in excess of $50 million and Multi-Family Office (MFO) Members which assist multiple ultra-high net worth families.
Juwai is the No. 1 Chinese international real estate platform and the exclusive international property partner of WeChat owner Tencent. Juwai.com attracts more than 2 million Chinese-speaking users each month and showcases 2.5 million listings from 89 countries.
Eva Law, Chairman & Founder of the Association of Family Offices in Asia, said:
“As the largest platform for Chinese international property investment, Juwai.com offers intelligence on investment behaviour and international markets that is very valuable to our members.
“Access to Juwai.com’s network of investors is also of great interest to the asset owners in our ecosystem.
“We look forward over the coming months and years to tightening this partnership and finding new areas of cooperation. We want to work with Juwai to create new services, products, and opportunities for the family offices and solution providers among our membership.”
Carrie Law, CEO of Juwai.com, said:
“Of all the independent organizations that represent wealthy investors, the Association of Family Offices in Asia is the most trusted and forward-looking.
“By leveraging Juwai’s unique data, market knowledge, and exclusive partners and strategic investors, we will be able to source unique real estate investment opportunities that will enable Asian family offices to accumulate wealth for the benefit of future generations.
“Our strategic partners will benefit from our partnership because it opens a door to a new pool of high net worth and ultra high net worth investors. This partnership also gives our prestige developers, brokers, agents and professional services providers from around the world entrée to an entire ecosystem of wealth advisors and service providers.
“The family offices in the Association’s network are savvy and have been multiplying their wealth at a rapid rate. There are now 1.6 million U.S.-dollar millionaires in mainland China, a new all-time record. Wealth per adult in China has more than quadrupled over the past six years.
“Real estate is not the only investment choice of these wealthy investors, but it is an important one. Consumer research in China by FTCR shows that more than 60% of Chinese overseas investors intend to make new overseas real estate investments by 2020.”