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Anyone invests in Asia here? BJ real estate has had a good run, but govt seems to be capping prices very forcefully and effectively this time. What do you think is the real estate price prospect in Beijing?
Real estate in the big cities in China will continue to increase but perhaps not as high as they have in the past. Property is expensive now in California so I would wait for a year and see what the market does in mid to end of 2019.
If you sell your Beijing's property, since China now has strict regulations on all front how to remit the money out?
I live in Vancouver (BC), and came across this question quite often.
For foreigners, proceeds from home sale is 100% allowed to transfer out of country. In fact, strangely the regulation is you have to wire it out all in one shot. I cannot fathom the logic behind that rule.
sell. Incase china goes the way of 3 kingdoms or there is war over the south china sea and taiwan, best to by now and run.
Commies don't let you buy the land and you can only transfer so much money abroad.
Look what happened to bo xilai? Got caught funneling money and he might have been president.
CCP is too busy to deal with big potatoes like Bo Xilai; they won't bother with people like me.
On the "buy land" question, you don't own land either in places like US. We have to pay "land rent" to the county government in the form of property taxes, and if we don't pay, the land is taken back.
My conclusion from living in China for 7 years in my life: Today's China is more capitalist than US.
Real estate in the big cities in China will continue to increase but perhaps not as high as they have in the past. Property is expensive now in California so I would wait for a year and see what the market does in mid to end of 2019.
Do you think there are other real estate appreciation hotspots in China? In the past 4 years, while BJ and SH prices increased modestly, Shenzhen priced had doubled! So they do exist!
I believe there are still RE appreciation hotspots in China in the next 5, 10 years. The question is where??? Maybe 2nd-tier cities like Suzhou outside SH, Dongguan between Guangzhou and Shenzhen? Or is it Xi'an whose chance finally comes? Or is it some border city like Nanning next to Vietnam, or Urumqi in Xing Jiang?
Let's exchange ideas and make some $.
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