Destination Victoria: Seaplanes, Tenders & Golf Carts, Oh My!

Recently, Dean Jones of Realogics Sotheby’s International Realty, George Liu and Kevin Corbett of Beijing Sotheby’s International Realty toured the Greater Victoria area in British Columbia. Just moments from departing aboard their Kenmore Air seaplane flight, the trio caught a glimpse of VAVA II – a 315-foot super yacht moored in South Lake Union, which may be a harbinger to the global wealth that is descending upon the Pacific Northwest of late.

PICTURED ABOVE: The 315-foot VAVA II dwarfs the other boats in Lake Union while an inspiring view of downtown Seattle is afforded from the Kenmore Air floatplane.

First stop was James Island, BC, a matchless 780-acre private island in the Gulf Islands and just a quick tender ride across from the Port of Sydney north of Victoria.  Listed by James LeBlanc and Scott Piercy of Sotheby’s International Realty Canada, the $75 million resort-like enclave has too many lifestyle features to list, but is known globally as the only Jack Nicklaus “Signature” golf course in the world.

PICTURED ABOVE: James Island is a 780-acre private island located in the British Columbia island chain known as the Gulf Islands just north of the San Juan Islands in Washington.

PICTURED ABOVE AND BELOW: A “signature” golf course designed by Jack Nicklaus is the only one in the world that exists on a private island – the cost of a round could be $75 million unless you’re an invited guest.

The group also met Dan Matthews, President & CEO of EcoasisDevelopments LLC and toured the office of Scott Piercy, a top-selling broker in the Victoria marketplace, located in the famous Empress Hotel. They also visited a record-setting penthouse sale overlooking the beautiful Victoria Harbor.

For more information see the full RSIR Blog Post Here

China Likely to Meet 2014 Growth Targets

The NY Times says that despite debt problems, The World Bank predicts that China will likely meet its 7.5% economic growth target this year. While The World Bank remains optimistic, saying that China’s growth momentum will accelerate as 2014 moves on, many private economists aren’t so sure. Their worry comes from China’s debt, following the 4 trillion renminbi ($585 billion USD) stimulus the government implemented during the financial crisis in 2008-9; a debt that will require China to rethink fiscal and financial policies and systems. Something everyone is excited about? China, traditionally focusing on export and investment, is also turning toward domestic consumption. 

Central Business District of Beijing