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Chicago was selected for 5i5j’s entry into the U.S. because of the city’s robust economic, cultural and academic climate. With numerous elite high-schools and colleges located in Chicago and neighboring suburbs, a pent-up demand exists for housing for international students and their families. O’Hare International Airport also provides a steady stream of travelers working and often living in the United States part time.

To quickly establish a presence here, 5i5j is combining local best practices with its highly successful Chinese business model. 5i5j Realty recruits top local talent to implement its best-in-class professional services model.

After establishing itself in Chicago, 5i5j Realty will launch in other major metro areas.

5i5j Realty in the Press

 

China’s largest residential real estate brokerage has selected the Chicago area for its first American office in a bid to establish a direct sales channel for Chinese investors eyeing US property.

5i5j Realty, a division of Beijing-based 5i5j Group, has opened an office in the Chicago suburb of Buffalo Grove, Illinois. Ellen Phillips is an American who is vice-president and the managing broker for the office.
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“We will have both Chinese and American agents on our staff,” Phillips said in an interview Tuesday. “Eventually we will open offices in other locations as well.”


Why would a real estate company in China hoping to become a channel for Chinese investors buying property in America open its first U.S. office in a Buffalo Grove strip mall?
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“If we’re giving our Chinese customers advice on where in America to invest in real estate, this is where we would say it’s a good place to invest,” said Vivien Zhao, who heads up the new American wing of Beijing-based real estate firm 5i5j.

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