Monday, May 17, 2010

This is probably naive, but can US citizens buy land in China?

How would they go about buying land and building a home there? (Or is that wholly unrealistic?) Are they permitted to own/operate cars? Can they receive routine health/dental care? Receive treatment in hospitals when necessary? Are there jobs for non-Chinese speaking Americans in China?

This is probably naive, but can US citizens buy land in China?
Nearly 47 million hectares were redistributed between 1950 and 1953, affecting 497 million people.Now the situation changed to accept land transactions from upcountry investors.


Foreigners and locals now receive much more equal treatment. All land in China is currently owned by the government by default so what you're actually buying is a leasehold. In the past there have been problems with the authorities moving people out of their property because they want the land for something else. But these problems were there before and now new legislation has been introduced to protect residents' and investors' rights since Feb. 2004.It is safer to own property in China than ever before. New legislation protects the rights of private owners and investors. China is desperately keen to maintain the phenomenal growth that it has experienced over the last few years. This growth is largely domestic but also thanks to the huge inflow of 'foreign direct investment'. The authorities know that if they do not look after investors' interests, a large part of which is respect of personal property rights, then the flow of FDI will dry up and economic growth will be damaged. They have every incentive to look after foreign investors as looking after your interests is very much in their interest.





The other risks associated with owning property in China are no different to the risks associated with owning property anywhere: loss of tenants, unruly tenants, unforeseen maintenance requirements, etc. The best way to deal with these problems before they happen is to buy the right property, appoint the right managing/letting agent and find the right tenants.


If you want some latest information on the chinese property rights for foreigners please contact:





send email to FPRI@fpri.org. Include your name, address, and affiliation. For further information, contact Alan Luxenberg at (215) 732-3774 x105
Reply:Maybe.
Reply:I just got back from Beijing PRC and the place sucked. Pollution was so bad when we landed I couldn't see the runway till we touched down, no sh*t! The water is undrinkable, the food tasted like crap and toooooo many people.





Try Japan it has all the qualities you are seeking in that part of world otherwise stay home.
Reply:nrgounder is right. It is safer for foreigners to own land in China than ever before. Which doesn't make it terribly safe. I personally will keep my investments in countries somewhat less prone to nationalization of private property.





But then you know they are socialists when you invest there. It is sort of a worldwide warning label on investments in China. That does not stop companies from investing, they just require a greater return for the risk.
Reply:why in the hell would you wanna do that? there is no value, or natual resources there, why do you think america is what we are? OUR RESOURCES, so buy what everyone else wants, a piece of America.


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