Published on Ming Wei Real Estate Investments (http://mingwei.co.uk/cms)
Zhuhai Property

Zhuhai is possibly our favorite investment location in China. It benefits from the following factors:
  • Proximity to Hong Kong and Macau, both with property prices per square metre typically a factor of ten times higher than those in downtown Zhuhai, and much more than ten times higher in more than in outlying suburbs such as Doumen,
  • Proximity to Shenzhen, with property prices around twice those in Zhuhai,
  • Part of Guangdong, the most prosperous province in China, with a capital, Guangzhou, with property prices twice or three times those in ZH,
  • it is a very green city, with many parks, good infrastructure and planning,
  • it has a service-oriented economy, oriented to leisure and tourism,
  • it has no heavy industry or nearby power stations and therefore has a very unpolluted atmosphere,
  • we have an extensive set of contacts in the city and considerable experience of investing there,
  • China's favourite retirement destination - a tropical paradise with temperatures never dropping below around 10 deg C or above 25 deg C
  • A local government with a very selective policy towards inward investment. If your industry is not one of finance, high-tech, software, finance, leisure, or luxury goods your application to build a property will probably be turned down.
We have developed relationships with a number of Zhuhai real estate agents and can source properties of any specification, residential or commercial. Yields are currently around five to six percent per annum, prices are going up at twenty to forty percent per annum. The market is moving very quickly now, so please telephone to get specifications of properties suitable for your budget. Expect to pay CNY 300,000 upwards, about GBP 20,000 at current exchange rates.

We recommend the Gong Bei and Xiangwan districts, although Jida is also attractive from a letting point of view. Resale apartments currently sell for RMB 5000 psm upwards. Yields are running at around 5%. This information is very volatile.

Zhuhai economy experiencing rapid growth as revealed by the numbers:

Zhuhai’s GDP showed a modest increase of 16.1%, or a value of RMB 74.96 billion so far this year according to the data revealed recently from Zhuhai Statistics Bureau.

The statistics also showed that the GDP per capita of the inhabitant was RMB 52,317 or US$ 6,539 in conversion with the average exchange rate the same year, ranking the third of Guangdong Province.

In addition, statistics revealed Zhuhai’s annual budgeted financial income reached RMB 6.027 billion, up 23.1% compared with last year, showing rapid economic growth of the city. However, the fixed asset investment saw slow increase of 16.7% to RMB 25.502 billion.

Last year data showed that Zhuhai exported goods worth RMB 32.821 billion, up 27.6%. Further, the consumer price index of urban inhabitant saw a moderate increase of 1.5%, 0.7 % lower than the growth rate of the previous year.

For more information about Zhuhai visit the Wikipedia article on the city [1].

The following is a promotional video on Zhuhai:

Pictures taken by me on my most recent visit to Zhuhai [2] showing a number of interior shots of typical investment properties as well as some more unusual scenes from the city. The apartments shown on these sets may still be available to purchase.

Photos from an earlier visit at the end of June [3]. These apartments will probably have been sold by now, but we can source similar apartments, often in the same developments, from our estate agent contact in the town.


Source URL: http://mingwei.co.uk/cms/content/zhuhai-property

Links:
[1] http://en.wikipedia.org/wiki/Zhuhai
[2] http://www.flickr.com/photos/caxtonvilla/sets/72157601237143421/show/
[3] http://www.flickr.com/photos/caxtonvilla/sets/72157600543758049/show/