Worldway U.S. immigration experts note that for Chinese citizens immigrating to the U.S. or investing in American real estate, a healthy property market and areas with high concentrations of Chinese residents have become the best locations for purchasing homes. Los Angeles holds a pivotal position in the U.S. real estate market. During the U.S. housing market recovery in 2013, Los Angeles led the way, becoming one of the cities with the fastest growth in the California real estate market, with an average annual increase of 25%. The numerous Chinese-populated areas are also a major reason why Los Angeles attracts Chinese nationals; in satellite cities such as Irvine, San Gabriel, and Monterey Park, the proportion of Chinese residents is as high as 40%! High-quality school districts and safe communities are other primary reasons for Los Angeles' appeal.
There are many satellite cities in Los Angeles, so where do U.S. immigrant investors prefer to live?
Irvine
Total Population: 212,375
Chinese Proportion: 36.5%
Average Household Income: $72,057
Price per Square Meter: $4,050
Median Home Price: $756,700
Home Price Trend: 15.8% annual increase
Schools: 22 elementary schools, 7 middle schools, 4 high schools
Irvine is located in the heart of Southern California's "Tech Coast" and is known for its vibrant business environment. The city is also renowned for its pleasant climate, a large pool of well-educated and technically trained labor, some of the safest communities in the U.S., an ample supply of high-quality housing, and numerous lifestyle and entertainment facilities. The headquarters of the famous video game company Blizzard is located in Irvine, California.
Irvine has a strong academic atmosphere and is home to numerous higher education institutions, including the University of California, Irvine, Concordia University, Irvine Valley College, the University of Southern California Orange County Center, Brandman University, the University of La Verne, and Pepperdine University. Most of Irvine is located within the Irvine Unified School District, which has four high schools: University High School, Irvine High School, Northwood High School, and Woodbridge High School. Among them, University High School was ranked 8th on the list of the best high schools in the U.S. and 2nd on the list of the best public high schools in the U.S. in 2011. The elementary schools are even more outstanding, with eighteen being rated among the top 100 elementary schools in California.
Arcadia
Total Population: 53,000
Chinese Proportion: 45.4%
Average Household Income: $77,758
Median Home Price: $975,400
Home Price Trend: 23.9% year-on-year increase
Schools: 6 elementary schools, 3 middle schools, 1 high school
Arcadia is located at the foot of the San Gabriel Mountains, 21 kilometers northeast of downtown Los Angeles. About 30 years ago, the residents of Arcadia were almost entirely white; however, today, nearly half of the population is of Asian descent. This transformation is inextricably linked to the increase in wealth and subsequent immigration to the U.S. from Taiwan, mainland China, South Korea, and other Asian countries.
The Arcadia Unified School District is a top-tier school district in the U.S. In 2009 and 2010, Business Week named Arcadia one of the 15 cities in the U.S. that are "best for raising children."
Monterey Park
Total Population: 60,269
Chinese Proportion: 47.7%
Average Household Income: $52,159
Median Home Price: $547,800
Home Price Trend: 21.11% annual increase
Schools: 8 elementary schools, 1 middle school, 2 high schools
Monterey Park (referred to as "Monterey") is located east of Los Angeles, at the foot of the San Gabriel Valley's Emperor Mountain, and holds an important position among major U.S. cities with high concentrations of Chinese residents. Monterey Park is not only convenient for living and shopping, but it is also a paradise for food, with restaurants of all flavors (especially those favored by Chinese people) available. Due to the large number of immigrants from various countries, the city fully displays its multicultural characteristics, and traditional Chinese festivals such as the Lantern Festival are celebrated as important events in the city.
San Gabriel
Total Population: 39,718
Chinese Proportion: 25.4%
Average Household Income: $41,791
Median Home Price: $626,400
Home Price Trend: 11.14% year-on-year increase
Schools: 5 elementary schools, 1 middle school, 2 high schools
San Gabriel is located east of Los Angeles and possesses a highly integrated blend of Asian, European, and North American cultures. Second and third-generation Chinese Americans frequently patronize the shops and restaurants here.
The City of San Gabriel is under the jurisdiction of the San Gabriel Unified School District. The 2009 API school report rated the San Gabriel Unified School District as one of the best in California. Gabrielino High School has consistently been one of the best high schools in California. U.S. News & World Report has named Gabrielino High School one of the "best public high schools in the U.S."
Walnut
Total Population: 39,718
Chinese Proportion: 55.75%
Average Household Income: $81,015
Median Home Price: $701,200
Home Price Trend: 17.10% year-on-year increase
Schools: 5 elementary schools, 2 middle schools, 1 high school
Walnut is an affluent and tranquil city. Primarily a residential community, Walnut has vast areas and well-connected roads, offering everything from castles and villas to townhouses and high-end apartments, earning it the reputation of "Little Switzerland." In 2012, Bloomberg Businessweek ranked Walnut as the best city in California to raise children. In 2011, CNN Money magazine named it one of the "best places to live in the U.S."
The real estate market in Walnut has shown a very stable upward trend, benefiting from the area's top-tier school district, which is among the best in the nation. Many local Americans have come to purchase property here. Walnut not only enjoys the famous California sunshine but also boasts an excellent business environment and efficient government management and services. In the eyes of many Los Angeles homebuyers, Walnut has become one of the top choices for school district housing in recent years.
Chino Hills
Total Population: 74,799
Chinese Proportion: 30.3%
Average Household Income: $100,099
Median Home Price: $554,900
Home Price Trend: 20.20% annual increase
Schools: 10 elementary schools, 2 middle schools, 2 high schools
Chino Hills is located about a 30-minute drive east of Los Angeles and covers an area of approximately 116.2 square kilometers. "Chino" means "Chinese" in Spanish. Chino Hills was named one of the best places to live in 2012 by Money magazine; it was also ranked 6th on the list of medium-sized U.S. cities by annual income. In 2008, the FBI named Chino Hills one of the safest cities in the U.S. In California, it ranks seventh among the top 100 most livable cities.
Diamond Bar
Total Population: 60,360
Chinese Proportion: 52.2%
Average Household Income: $68,879
Median Home Price: $576,700
Home Price Trend: 18.00% annual increase
Schools: 9 elementary schools, 3 middle schools, 2 high schools
Diamond Bar is an affluent suburban city in Los Angeles County. Along with the neighboring cities of Chino Hills and Walnut, it is situated within rolling hills. The city is neat, beautiful, and lush with greenery, making it a top choice for middle-to-upper-class Chinese families.
Diamond Bar is one of the cities in Southern California with a high concentration of Chinese residents, with Asians accounting for about 52% of the total population, or approximately 29,000 people. A portion of Diamond Bar belongs to the top-tier Walnut Valley Unified School District in Southern California, which attracts many parents who value their children's education to move to the city. The large Chinese population has also attracted many Asian businesses and restaurants to set up shop.
Having U.S. immigration status makes investing in U.S. property more convenient. The key to successful U.S. investment immigration lies in choosing the right project. The Pennsylvania Turnpike project, exclusively represented by Worldway and pre-approved by the U.S. Citizenship and Immigration Services, is funded by state government loans with a state government repayment guarantee, making it a 100% U.S. government EB-5 project. The first phase was sold out in just two months. Currently, the second phase of the Pennsylvania Turnpike project is seeing even more enthusiastic demand than the first. On March 21st and 22nd, Worldway will hold official information sessions for the Pennsylvania Turnpike project in Beijing, Shenzhen, Qingdao, and other cities. Executives from the DVRC Regional Center and the Pennsylvania Turnpike Commission will be present in person. Registration is currently hot; call the reservation hotline at 400-138-2929.
Shenzhen
Time: Sunday, March 22, 2015, 14:30-17:00
Location: Lily & Lotus Room, 29th Floor, Four Seasons Hotel Shenzhen (No. 138 Fuhua 3rd Road, Futian District, Shenzhen)
Special Guests: Mr. Richard C. Dreher, Deputy Chief Financial Officer of the Pennsylvania Turnpike Commission; Mr. Young Min Ban, Director of the DVRC Regional Center
Beijing
Time: Saturday, March 21, 2015, 14:30
Location: Beijing Room, 3rd Floor, Four Seasons Hotel Beijing (Liangmaqiao Road, Chaoyang District, Beijing)
Qingdao
Time: Sunday, March 22, 2015, 14:00
Location: Meeting Room 2#, 5th Floor, The Westin Qingdao (No. 8 Hong Kong Middle Road, Shinan District, Qingdao)
Special Guests: Mr. Timothy J. Carson, Former Vice Chairman of the Pennsylvania Turnpike Commission; Mr. Joseph P. Manheim, President of the DVRC Regional Center
