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Q: Real estate investment in China ( No Answer,   0 Comments )
Question  
Subject: Real estate investment in China
Category: Business and Money
Asked by: s1hunter-ga
List Price: $100.00
Posted: 18 Jan 2006 11:39 PST
Expires: 17 Feb 2006 11:39 PST
Question ID: 435059
I travel on business to Zhuhai, Guangdong provence about 6 times a
year.  I would like to buy an apartment (both to stay in while I am
there, and as a long term investment).  Zhuhai is co-located next to
Macau, and within the next 5 years will be connected to Hong Kong by
the new Pearl River Delta bridge.  Property prices in Zhuhai are quite
low compared to Hong Kong and Macau, and I feel that it will enjoy
good appreciation in the next 5 years.  Another encouraging
possibility is the appreciation of the yuan against the US dollar.  I
am aware of some (but not all) of the pit-falls in this endeavor,and
therefore I would only buy in a new building and from a company with a
good reputation in dealing with foreigners.  My questions are these:

1.  Why do I need a Chinese name?
2.  What documentation is required?
3.  Can I get title insurance?
4.  What are the rights of survivorship?
5.  Are there any rental restrictions?
6.  How do I go about selling when I decide to do so?
7.  Is there anything in WTO regulations that requires the Chinese to
make their currency fully convertable some time in the future?
8.  Any other information that I would find useful that I haven't asked here.

Clarification of Question by s1hunter-ga on 18 Jan 2006 12:03 PST
I forgot to ask about taxes.  I understand that there is a tax of 3%
of the original purchase price levied against foreigners, which
enables you to get a certificate of ownership.  Is this like title
insurance?  I understand that you must have this in order to sell, but
can be paid any time before the sale.  Until you pay the tax you have
use rights only.

The other question is, what are the Chinese income tax implications
for rental income?.....Thanks!
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