Ming Wei Real Estate Investments

Investing in a market like China involves exchange-rate risk. You may lose on the exchange rate what you make on property appreciation and rent, although many experts feel that the Chinese authorities are holding the renminbi at an artificially low rate to support exports.The current value of the RMB can be checked here.

Bringing foreign currency in to China in order to invest in real estate is not very straightforward. We experienced many problems with this when we started investing in China, but by trial and error we found satisfactory ways of remitting money into the mainland. Please contact us if you would like advice on this topic.

The total gross gaming revenue further surged 48.9% YoY to over MOP
19.7 billion in 2Q 2007. In the first half of 2007, the total gross
revenue in Macau recorded MOP 38.4 billion, 42.5% more than that of
Las Vegas Strip in the US over the same period. As at the end of 2Q

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It is, in principle, possible to obtain mortgage finance, as a foreigner, to buy investment property on the mainland. It is certainly much easier in Hong Kong, and possibly easiest, if on the mainland, in Shanghai. However, as stated on the Oxford and Associates website:

There are plenty of banks in China (international and domestic) willing to lend money to foreigners, including some familiar names such as HSBC. Normally you need to put down a 30% deposit. Lending can be in local currency (Renminbi) or US Dollars. Rates are variable, capital repayment only (although they are starting to think about 'interest only'), and the term depends on the type of property and the age of the borrower. Similar checks and lending policy apply as in Western countries: identification and proof of residency, and proof of income.

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