Photo: Worldpropertychannel.com

Real estate consulting firm North America Real Estate Investment Group Inc. (NAREIG) is partnering with an asset management company to create the first QDII fund that will allow direct RMB investment by Chinese investors into overseas real estate markets.

Leveraging NAREIG’s leading online real estate portal BeiMeiGouFang.com and global brokerage and property management network, and also its partner Taikang Asset Management Co., Ltd.’s financial services expertise, the fund will allow Chinese investors holding RMB to make fast and hassle-free overseas real estate transactions, the real estate consulting firm said in a statement sent to sino-us.com.

It has been illegal for Chinese individual investors and extremely difficult for small- and medium-sized firms to transfer more than $50,000 out of China. By transacting through the new QDII fund, Chinese investors will, for the first time, be able to avoid China’s nationally-mandated $50,000 per individual per annum foreign exchange limit when making real estate investments.

“The partnership will provide unprecedented convenience for Chinese investors and for sellers of overseas property. We’re aiming to innovate. Our goal in forming this partnership is to make the real estate transaction process as fast and smooth as possible for everyone involved,” said Hunter Lin, CEO and Founder of NAREIG.

The fund will change the outbound real estate investment landscape in several important ways, NAREIG said in the statement, adding that it will also leverage NAREIG’s global network to allow Chinese investors unparalleled convenience when acquiring properties.

Chinese investors making property acquisitions through the fund will also have access to NAREIG’s network of bilingual property managers and brokers, cutting out the need for buyers to find and deal with third party agents. Moreover, end-to-end transactions can be completed without the need for investors to set foot outside of China, according to the statement.

Founded in 2012, NAREIG is a real estate services company based in Seattle and Beijing. NAREIG’s mission is to provide professional real estate consulting services to Chinese investors and to deliver best-in-class China-facing marketing and brokerage services to global real estate developers.