Great potential lies in real estate cooperation between China, Houston

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There is great potential for China and the U.S. city of Houston to cooperate in the real estate sector, Houston Mayor Sylvester Turner said here Friday.

While delivering a speech at the 2018 America-China Real Estate Forum held in Houston, Turner said as the most diverse city in the United States, Houston provides excellent investment opportunities in real estate.

"We are expecting more than 3 million more people to move to our region. People are not leaving the city of Houston, people are coming from the east, the west, the north, all across the United States to the city of Houston," Turner said. "We are the most diverse city of the United States. One out of four Houstonians is foreign born."

Although most Chinese people are more familiar with American cities like New York, Los Angeles, San Francisco and Chicago, Turner said Houston is a city of vitality and resilience. With more people flowing into the city day by day, their demand for housing is on the rise.

Besides, the world's largest medical center in Houston offers an investment opportunity in senior housing in the city, the mayor added.

In his speech, Turner also announced April 6, 2018 as the Asian Real Estate Association of America and China Real Estate Association Day in Houston.

Co-organized by Asian Real Estate Association of America and China Real Estate Association, this year's forum focuses on city planning and livability for aging population. Around 80 people from China attended the forum.

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