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| Can you explain the differences of Property Investment in Macau vs. in China? |
| For the best general info on Macao, pls click at this url: http://en.wikipedia.org/wiki/Macao Property investment in Macau enjoys several advantages over China: 1. Land in Macau is either privately owned (free-hold) or permanent government leasehold, while all lands in China are state owned and leased under 50 to 70 years temporary land use rights... detail |
| Do you have the latest statistics on Macau Real Estate transactions? |
| Information from the Statistics and Census Service indicated that in the first quarter of 2007, a total of 4,547 real estate sale and purchase contracts were made, of which 5,940 real estate units were transacted, amounting to MOP4.1 billion. The number of units and value went up 61.9% and 83.1% respectively over the first quarter of 2006. In compa... detail |
| Explain the Foreigners' Rights in the Chinese Property Market? |
| Recently many foreign organizations and individuals, have expressed their confusion resulting from this new policy on foreigners' rights in buying a Chinese property. They wonder how they should deal with their commercial and residential housing units that were obtained before or during the establishment of the new policy, especially since there’... detail |
| Explain the latest situation about Macau investrment residency visa? |
| As of April 4, 2007, Macau government has temporarily suspended the acceptance of all new Investment Residency Visa applications. Those who already have got appointment letters for interview will still be able to complete their applications. The suspended policy used to grant Macau temporary residency visa to immigrant family who bought property wi... detail |
| How much taxes does a foreign investor/individual has to pay in Macau? |
| Macau government hopes to diversify Macau's economy by attracting foreign investment and is committed to maintaining an investor-friendly environment. There is no capital gains tax, nor are there withholding taxes on dividends and royalties. Profits can be freely converted and remitted. Foreign-owned and Macau owned firms are taxed at the same rat... detail |
| What are the rights of a real property owner in Macau? |
| Macau is a SAR (Special Adminstrative Region) of China. It has separate laws and regulations from China that are set by the elected government of Macau. Macau's laws and regulations provide for the right of foreign and domestic private entities to establish, own and dispose of interests in real property and receive certificate of ownership (similar... detail |
| What is the procedure for non-resident person to buy a Macau property? |
| MACAU PROPERTY PURCHASE PROCEDURE FOR NON-RESIDENT BUYERS (1) Broker will prepare a Buyer’s offer letter to purchase the property. (2) Broker will obtain a public record of the property ownership (title and rights). (3) If the offer is accepted by Seller, Buyer has to pay a 5-10% down payment (cash or cashier's check). (4) Buyer and Selle... detail |
| When will new Macau hotel-casinos / shopping be opened? |
| Macau, which is within a 6-hour airline flight for half the world's population, is the only place gambling is legal in China. As business opportunities continue to expand in the area, the MICE market (Meetings, Tour Incentives, Conventions and Exhibits) is expected to come along for the ride. Services designed for Macau business travelers are set t... detail |
| Where and how to travel to Macau? Where to stay in Macau? |
| A visitor can fly direct to Macau international airport with Air Macau, Air China, China Eastern Airlines, Air Shanghai, Eva Airways, Air Asia, Tiger Airways, TransAsia and Viva Macau Airline etc. Direct flights are available from major cities such as Beijing, Shanghai, Taipei, Kaoshiung, Singapore, Kuala Lumpur, Bangkok, Jakarta, Manila, Seoul, Os... detail |
| Where to find expatriate jobs in Macau and how to apply for expat residency? |
| New casino openings will generate tens of thousands of new jobs, in particular for expatriates, fuelling demand for medium- to high-end residential properties over the next several years. New expatriates will potentially take up a large proportion of future residential supply in Macau, according to the latest Jones Lang LaSalle Macau Economic In... detail |
