According to data from the commerce ministry, nearly 500 foreign property firms were established across China in the first nine months, attracting US$16.6 billion (RM51.79 billion), a 56% increase with the same period last year. Also, the percentage of unitised foreign direct investment saw a 5.7% hike to 22.38% year-on-year.
The ministry pledged to strengthen supervision over approval process and re-check land papers.
In the meantime, as part of its effort to restrict the inflows of speculative investment into its economy and easy inflationary pressures, China has imposed a new set of regulations limiting foreigners from buying residential and commercial property on the Chinese mainland.
TOP PICKS BY EDGEPROP
A Gem in Tanarimba, Janda Baik, Bentong
Malaysia's Salem High Country Tanarimba Janda Baik
[RENTAL GET RM 3000 READY TENANT 2020 NEW PROJECT]
[270K HOT SELLING INVESTMENT PASSIVE INCOME 2R+2B]
Welcome FIRST HOME BUYER & INVESTOR! Cash Back 30k
Ukay perdana sierra hijauan ampang semi d