Owning parts of a hotel
Updated: 2013-12-14 07:15
By Xu Lin (China Daily)
|
|||||||||||
Andermatt is a popular destination due to its splendid landscape, with waterfalls, famous ski slopes and a population of 1,300.
The first phase of residence operations will open on Dec 20, with the unveiling of the second phase in December 2014. It offers one-bedroom and two-bedroom apartments, which cover an area ranging from 110 to 306 sq m, and some large penthouses.
"We have interest in China and Asia and want to have a varied group of owners. As we've just started in the Chinese market, I think about 3 to 5 percent of the buyers will be Chinese," Croonenberghs says.
According to him, in Switzerland, foreigners require a permit to purchase a real estate and it's a long process. The government, however, has granted the project an exemption of the permit until the end of 2030.
He says the Chinese are changing their attitude and tend to pursue a lifestyle experience rather than just property investment.
The number of Chinese visitors to Switzerland increased by 50 percent in the last three years. At the same time, more Chinese are sending their children to Swiss hospitality schools.
"These people are all potential buyers."
Related Stories
Sense of place for 'affluential explorers' 2013-12-07 06:53
Living the kempinkski lifestyle 2013-11-23 07:43
IHG launches SW China urban resort 2013-11-12 14:39
Landmark growth, changing markets 2013-11-09 08:06
Today's Top News
Top leaders vow to steer steady path
Execution may hit joint projects
ASEAN cautious on air zone debate
Local govt debts get attention
South Africa admits error over "schizophrenic" signer
Gift ban applies to festivals: official
China responds to EU's resolution on organ harvesting
Foreigners stay cool to insurance
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Logging out of an Internet addiction |
Prepare prisoners for life after release |
'Can we survive after surviving?' |
Cities hit hard by smog |
Against a sea of troubles |
David Cameron's China visit |