In 1997, I took my first trip to China. I truly left my heart there and am still in awe of the history, culture, kindness and consideration that the Asian people bestowed on me. Each time I have gone back to Asia, I have admired how the people are aware of other cultures and traditions and go out of their way to ensure that foreigners are made to feel at home.
With the shift in our real estate market, we now are seeing more and more people from Asia and the UAE buying property in Miami and making this their home. Next to the United States, China has the most millionaires in the world with 3.6 million (an increase of 2 million since 2014). There is a lot of wealth and capital in China that maybe deployed in the United States.
I recently joined AREAA (Asian Real Estate Association of America) as a way to give back to the people that have been so gracious to me throughout the years. There are simple gestures that we can make to help visiting Asian professionals feel at home. Here are a few things you can do to be ready for Asian visitors, or even perhaps your future Asian neighbors!
Tony Chan’s Water Club
1717 N. Bayshore Road #131, Miami, FL 33132
This is an upscale, elegant and ideal place to take a client and new friend.
Do not discuss business during a meal. It is a time to get to know each other. If you are being hosted, do not eat or drink prior to the host. Learn to use chopsticks and when you put them down, put them on the holder, not on top of the bowl or straight in the bowl. This is considered rude.
I personally price all the properties I sell with three 8’s for luck and prosperity.
Follow up 2 days after your meeting to recap all the positive points of your discussion. Outline the tasks you need to accomplish together.
I hope you have the good fortune to travel to Asia. When your new Asian friends do come to Miami, please practice any one of these new habits. It will only strengthen your business partnership and prepare you for your new relationships.