Browsing by Author "Cowaloosur, Honita"

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    Chinese presence in real estate in South Africa and Mauritius
    (Stellenbosch : Stellenbosch University, Centre for Chinese Studies, 2016-02) Cowaloosur, Honita; Centre for Chinese Studies. Research Reports
    China has recently taken the global community by surprise with a surging interest in overseas real estate investment. While United Kingdom (UK), United States of America (USA), Canada and Australia are the usual prized destination of these investments, China’s general economic activities give enough reasons to believe that Africa will soon be emerging as one of the new real estate investment destinations. Preliminary statistics from research centres, and media and public discourses highlight South Africa and Mauritius as two of the most popular destinations of Chinese real estate investment. This paper investigates the substantiality of these hypotheses and assesses the impact Chinese real estate activities have on the socio-economic environment of the respective two countries. It also provides policy propositions that would ease these prospective challenges to the two societies.
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    Chinese presence in real estate in South Africa and Mauritius
    (2016) Cowaloosur, Honita
    The proliferating Chinese presence in the foreign real estate business is a pertinent subject of debate the world over. Australia, New Zealand, the United Kingdom and several other countries, fear that Chinese interest in property acquisition in their respective countries is leading to inflated house prices. In the midst of these trends set by the Ultra High Net Worth Individuals (UHNWI) from China, African countries are now emerging as prospective destinations for large numbers of empowered Chinese middle class home-buyers. South Africa and Mauritius distinguish themselves as two of the preferred destinations of this segment. As foreign property ownership mushrooms in the two countries, evaluations indicate that the countries fail in adequately regulating these investments to match their existing socio-economic, environmental and political contexts.