{"id":24054,"date":"2016-08-26T18:38:42","date_gmt":"2016-08-26T11:38:42","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/taiwan-investors-are-behind-property-sales-boom-in-guam\/"},"modified":"2016-08-26T18:41:07","modified_gmt":"2016-08-26T11:41:07","slug":"taiwan-investors-are-behind-property-sales-boom-in-guam","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/taiwan-investors-are-behind-property-sales-boom-in-guam\/","title":{"rendered":"Taiwan investors are behind property sales boom in Guam"},"content":{"rendered":"


\nFrom one island to another, these investors are riding high on a visa waiver program and safely storing their wealth in the American territory
\nSunset over Tumon Bay, Guam. northsan \/ Shutterstock
\nTaiwanese investors are reportedly playing a key role in an uptick of property sales in Guam this year.
\nSales of land, houses and buildings in the US territory breached USD373.6 million in the first seven months of the year, compared with USD321.7 million for the entirety of 2015, according to Siska Hutapea, president of Cornerstone Valuation Guam Inc.
\nTaiwanese investment underpinned some of the island\u2019s biggest transactions this year, including the sale of The Windward Hills Golf Course for USD8.5 million, USD6 million of which was paid in cash. Hutapea also revealed purchases by Taiwanese investors of apartments in such projects as Apusento Gardens, Harvest Residence, Ypao Garden Condominiums and Pacific Towers.
\nMore: It\u2019s not only the US military making moves on Guam
\nThe American territory has been in good graces with Taiwan investors because of its safe-haven status as a US-dollar-based economy, Hutapea said. Taiwan has also been engaged in territorial disputes with mainland China, a chill factor to domestic investment in the \u201crenegade province.\u201d
\nAlso serving as impetus to investment is the recent inclusion of Taiwan in the Guam visa waiver program by the US Department of Homeland Security.
\nIn a sign of confidence in Guam real estate, Taiwanese developer Lih Pao Investment LLC completed 80-unit luxury townhomes in Guam\u2019s Tumon Heights in February.
\nRead next: Taiwan commercial real estate on a slowdown
\n
\nSource : property-report.com
\nRead more…Taiwan investors are behind property sales boom in Guam<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

From one island to another, these investors are riding high on a visa waiver program...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-24054","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6fY","jetpack-related-posts":[{"id":25941,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/record-breaking-land-sale-in-guams-tumon-bay\/","url_meta":{"origin":24054,"position":0},"title":"Record breaking land sale in Guam\u2019s Tumon Bay","date":"September 13, 2016","format":false,"excerpt":"\r Guam\u2019s popularity with investors continues, with a Taiwan based developer acquiring the exclusive beachside area The clear-blue waters of Tumon Bay. 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