Originally posted by learn&share:
Hi Ian,
Wouldn’t it be inconvenience to invest in China, if someone doesn’t have a friend or relative there.
And By the way, what are the conditions for a foreigner to invest in the mainland?

thanks,
I wouldn’t suggest buying in China unless you were able to keep check on things yourself. I’ve been working in…[Read more]

Property Management! What’s that?

The agents I have dealt with in China only provide an introduction service. I have a friend who manages my properties for me.

If you want someone to look after your property for you, you might consider investing in a serviced apartment which will let out your property short term – for a fee of course.

One of the international banks such as HSBC might have a product. What currency do you want the loan in?

Ian.

I recently bought an up-martket 3 bedroom apartment in Nanjing China for around A$130-140K. The oncosts for the sale were much lower than for my property in Australia. Furnishings were also much better value than in Oz.

The purchase was for my own residence but, for the sake of comparisons, similar apartments on the estate rent in excess of…[Read more]