Maui Business News - "The Maui Website for Business"
WAILEA, Maui May 18, 2015 – Bruce McDonald of Maui Real Estate Advisors, LLC will travel this week to Pudong, a district of Shanghai, China, where he will meet with potential partners and buyers interested in Hawai‘i’s real estate market. After visiting Pudong, he will travel to Hong Kong to further solidify and strengthen his ongoing vision.
Hawai‘i is destined to be a real estate hot spot for Chinese buyers, he said. The Chinese are currently the second-largest foreign investors in U.S. real estate after Canadians, but surprisingly, many are unfamiliar with the Hawaiian Islands, as well as free hold and fee simple ownership of real estate. “Chinese buyers who have experienced Hawai‘i find our lifestyle and financial security very appealing,” said McDonald. “An excelled Asian presence is imminent; our location here in the Pacific is a strategic and logical position… they have been skipping over us; it’s just a matter of time.”
With this in mind, McDonald is assisting Asian buyers looking to purchase residential and commercial properties throughout Hawai‘i. His company, ShangHawaii Realty LLC, was formed in 2012 and is registered with the State of Hawai‘i and the Department of Commerce and Consumer Affairs (DCCA).
McDonald has recruited a competent team of experts for this venture, including Jessica Su, an international tax consultant with O‘ahu-based accounting firm Crowe Horwath International, and Jeffrey Lau, a Honolulu attorney with Ogawa, Lau, Nakamura & Jew Attorneys at Law, who specializes in cross-border legal issues. McDonald has also assembled a skilled team of Mandarin translators and interpreters.
“Bruce McDonald is at the forefront of bridging Hawai‘i real estate transactions with the Mainland Chinese,” said Lau. “His kind, respectful and personable demeanor will truly help Hawai‘i develop wonderful relationships with our friends in the People’s Republic of China.”