Broker: Chinese Are Now Third Biggest Buyers Of Condos At Paramount (Updated)

The number of Chinese buyers in the Miami condo market continues to grow, according to Forbes.

Peggy Fucci, CEO of OneWorld Properties, said that Chinese are now the third biggest condo buyers at Paramount Miami Worldcenter. Those rankings have traditionally been dominated by South American countries.

Fucci said that Chinese view Miami as the Hong Kong of the West, and her firm is now opening a permanent office in Shanghai.

OneWorld is overseeing sales at Paramount Miami Worldcenter.

 

Update: Fucci says that Chinese are the third biggest buyers at Paramount, not the entire Miami condo market.

 

 

 

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Anonymous
3 years ago

“Chinese view Miami as the Hong Kong of the West”.

I like that. Hopefully we can get Chinese developers with deep pockets and give downtown that same depth look that Hong Kong has. Maybe a little china town too and their Chinese new years celebration festivals.

Anonymous
3 years ago

Welcome…..glad to have them living here

Anonymous
3 years ago

>Assuming they actually live in the units.

LOL.

Anonymous
3 years ago

Good news…… Miami is still cheap compare to other important cities in the world ….

Anonymous
3 years ago

Check the source before you get all riled up, kids. Does anyone think Peggy Fucci is the authority on buyers in projects? How would she even have this information for any pre-development she’s not directly working for. Buyers are not public record until closing (aka building done, folio assigned).

P.S. There are no direct flights- until that happens you won’t see large numbers of Asians buying. Period.

Yohan Perez
3 years ago

Yet not one decent chinese food joint. In New York, You can get a chinese take out at every street corner and delicious dishes range from $5 to $9. Here none.

Miami Hurricane
3 years ago

Open your own or go eat sushi and discuss Miami’s significant Japanese population

Anonymous
3 years ago

Hialeah has tons of Chinese food places. Some Canton Villages have been there since the early 80’s. A lot of pretty Trilingual speaking Chinese girls work in them as well.

Anonymous
3 years ago

Full of rats and roaches

Anonymous
3 years ago

You must’ve eaten in all of them to know that.

Anonymous
3 years ago

Idiot. They would of been all closed down. I know a couple of health inspectors when my family owned a restaurant in Hialeah. They are all clean.

modocondo
3 years ago

If only it were true….

Jesus
3 years ago

Good. Good. Let the money continue to flow in. Wish we can grant these folks a visa or some sort of residence like the H1-B visa so they would continue to invest in the United States and of course Miami.

Anonymous
3 years ago

Some investors can apply for the EB-5 Visa.

Jesus
3 years ago

It should be bigger than what it is now though. We need more investors.

Anonymous
3 years ago

Looks like lots of brokers are commenting on this story. Anything for a commission.

Anonymous
3 years ago

I am not a broker but I am happy to read this article. I just love Chinese girls, not enough of them in Miami, hopefully this means will see more of them 🙂

Anonymous
3 years ago

I prefer Chinese boys

Anonymous
3 years ago

Great !!!! continue making Miami more unaffordable for local working people so we can have more foreign absentee owners and all for what ??!!! More tax base money to be siphoned into graverobbing scumbag politicians and 1%er developer pockets ??!!! If you want to be like NYC.. go live in NYC.. except you can’t afford it.. just like most people soon won’t be able to afford Miami. But hey.. at least you’ll have your phallic monuments to gourmet luxury to drool over.

Market Urbanist
3 years ago

Socialist.

Alan
3 years ago

Maybe you should be the one to move.

Anonymous
3 years ago

Hate much?
Don’t be so jealous of the people who can afford to live in Downtown – Brickell. Not all of us are rich absentee owners. Some of us work our butts off to live here and we love it! Your asinine comment about moving to NYC is ridiculous, we live here because we hate the cold weather. Why don’t you move to a more affordable city if you hate it so much? Either that or keep working hard and maybe one day you too can get a piece of the pie.

Anonymous
3 years ago

Bla bla blah
Complainers will be complaining.
This is what they’re good at so they have to continue

Anonymous
3 years ago

Really – it took me working 80 hr retail weeks on my feet to work myself into my current position that affords me to live where I want to. I’m proud to live in Downtown Miami and happy for all of the other happy people that do as well.

Anonymous
3 years ago

“continue making Miami more unaffordable for local working people”

Um, Sebring Florida still exist, they’re waiting for you. I’ll even help you pack your bags.