China property

Posted by visitor (1180 days ago)

Is it possible for foreigners to buy in China? Can anyone tell me where I can get information? Not having much luck with internet searches.
Thanks.

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Posted by oldhand (1180 days ago)

yes of course you can buy, cash is no problem, getting a mortgage is another matter entirely.

There are two choices, buy from developer or buying direct. Some HK developers have set-up schemes with local banks = simpler mortgage procedures.

The procedure is more complex of course, better to find and hire a local lawyer to do all the donkey work.

hope this helps.

Posted by guinness01 (23 days ago)

Hi, I am also interested in buying property in shanghai. I am based in Hong Kong, have permanent HKID (but no home residence permit). Is there any bank in HK I can approach? I have already contacted BOC and they do not do it. Thanks !

Posted by sghkcn (23 days ago)

You can try-

DBS - http://www.dbs.com.hk/en/consumer/loans/mortgage/chmortgage/

BEA - http://eng.hkbea.com.cn/gryw/grdk/index.shtml

Posted by Loyd Grossman is Miss Venezuela (22 days ago)

Also check with the major HK developers (SHK Properties, Henderson, Swire. Somestimes they have some new properties on the Mainland and most of the paperwork can be done in HK.

Posted by guinness01 (22 days ago)

thank you so much !