Top 10 tips to let or sell your property to Chinese buyers (2024)

FAQs

How to reach Chinese buyers? ›

The Chinese believe a home should be a balanced environment where the position of doors, windows and furnishings help the good energy to flow through unencumbered. Light and airy homes with little clutter appeal to most people so Feng Shui practices are often just good common sense.

Entering the Chinese Market is attractive for Western companies since it's large and growing. Exporting, using distributors, licensing/franchising and investing directly are the most common ways. The different ways of Market Access to China have advantages and disadvantages, depending on the product & circ*mstances.

One of the most important tools to receive good fortune and abundance is the Chinese Feng Shui coins. Easily spotted, these coins often come strung together with a red cord and can be hung or kept at different spots around the house.

In China, fish, particularly the koi fish (carp), is considered a symbol of luck in several ways. Since the Chinese pronunciation of fish is the same as that of another word meaning surplus, fish are often used as a sign of wealth or abundance.

In play now in China, where around 70% of household wealth is in property, this phenomenon is weighing on the post-pandemic recovery of household consumption, which Chinese policymakers have vowed to make a more prominent driver of economic growth.

Do you pay property tax in China? ›

Central government bailouts are a possibility to rescue cities from their deep budget problems, but China hasn't turned to a source of revenue that would be an obvious option in other countries: property taxes.

One of the most effective ways to sell your home fast is to price it competitively. If you price it too high, you detract prospective buyers out price out potential bidders. In addition, it make take longer to settle the negotiation process if prospective buyers want your price to come down.

Spring is typically when most home selling activity begins, but home sales really heat up in the summer months. Real estate is all about location, though, and where you live may have an impact on the peak selling season for your home.

Assessing local markets, identifying the right distribution channels, and tracking the applicable regulations can be difficult for a foreign company. Accessing the local markets with the right products is one of the most difficult China market entry challenges.

WFOE. A WFOE is the most common and generally most preferred entry mode to available to foreign investors in the Chinese market.

The Chinese focus on building relationships rather than on contracts tends to prolong the negotiation process. Westerners befriend their counterparts only after making a deal, while the Chinese make a deal only when some level of friendship has been reached.

What to expect when negotiating with Chinese? ›

Be fair, reasonable and diplomatic. If your Chinese counterpart believes that you are being unreasonable, they may not openly say so, but your negotiations are likely to stall and go nowhere. If you disagree with your counterpart, don't simply reject their position out of hand, but carefully explain your reasoning. 10.

Coins as Good Luck

Another way to begin a good tradition that's going to be hidden but meaningful is to drop one or two coins into the forms of the foundation before it is poured, or directly on top of the slab during the pour. They won't be able to see the coin, but they'll know it's there.

The number 8 is considered the luckiest of numbers in China and they believe the more 8's the better. The Cantonese word for eight, which is pronounced “ba”, sounds similar to the word which means “prosper” or “wealth”. In regional dialects the words for “eight” and “fortune” are also similar.

Three-Legged Toad

The three-legged toad is a symbol used for a lucky charm. This toad is always depicted with a coin in its mouth with a Chinese character coin side facing up. Place in the southeast corner facing into home or room. Are you InTheKnow?

The character Fú ( 福, Unicode U+798F) meaning "fortune" or "good luck" is represented both as a Chinese ideograph and, at times, pictorially, in one of its hom*ophonous forms. It is often found on a figurine of the male god of the same name, one of the trio of "star gods" Fú, Lù, Shòu.

What does the number 48 mean in Chinese? 48: Any 3 digit numbers that ends with 48 sounds like "wealthy for X lifetimes", for example, 748 (pinyin: qī sì bā) sounds like "七世發" (pinyin: qī shì fā) meaning "wealthy for 7 lifetimes". 448 (pinyin: sì sì bā) sounds like "死先發" (pinyin: sǐ xiān fā) meaning "wealthy on death".

Using Your Feng Shui Lucky Numbers

Some people believe using feng shui lottery numbers is the way to win. The numbers most often used are 6, 8 and 9. Any combination of these numbers along with 16, 18 and 19 are believed to be lucky for any lottery.

A home with water views is considered highly lucky as water is one of the only bodies that can hold chi. A mountainous backdrop is also desirable as it will protect a home from strong winds, which can carry good luck and energy away.

Bring along auspicious items

oranges (which symbolise prosperity) pomegranates (which symbolise opportunities) peaches (which symbolise good health) apples (which symbolise safety)

The Chinese character 富 fù means rich, wealthy, abundant.

Who is richer China or America? ›

1- United States: Located in North America, the United States ranks third in the world in terms of size and population. It has again beaten China, to become the richest country in the world.

Chinese investors are among the top foreign purchasers of residential real estate, along with Canadians, according to the National Association of Realtors. Other states have had concerns over foreign ownership of land and have made efforts to regulate it.

Because China is a socialist country, all land is either subject to government ownership or collective ownership. In principle, municipal land is subject to government ownership and land outside cities is subject to collective ownership. However, one can obtain the right to use the land.

There is no private “freehold” land ownership in China. All urban land in China is owned by the Chinese government and is commonly referred to as “state-owned land.” All rural and suburban land is owned by rural collectives (ie, local groups of farmers) and is commonly referred to as “collective land.”

Deed tax is payable by the transferee upon the transfer of landed property. Transfer of landed property takes the following ways: - Acquisition of land use right from the State; Transfer of land use right including transfer by sale, by exchange, or gift, Purchase and sale of real property situated on lands.

That means any gain from selling your primary residence overseas is usually tax-free, as long as you meet the occupancy requirements and your gain is below these thresholds: $500,000 – if you're married filing jointly. $250,000 – if you use any other filing status.

Reporting the Sale of a Foreign Home

The U.S. taxes you on any income you earn, whether it's earned in the U.S. or another country. So if you owned a home or property in another country, and then sold that home for a profit, you'll need to report the sale just as you would if it were located in the U.S.

Yes, you must report foreign properties on your U.S. tax return just like you would report any owned U.S. property. To do that, you first need to know what type of ownership you have because it affects what tax forms you must file.

The most common reason why a house fails to sell is because the asking price is too high for the current market or for what the home offers. If your asking price is unreasonable and doesn't compare favorably to similar properties, it's unlikely your house will sell.

What is the number one reason why a property does not sell? ›

Your price is too high

No doubt about it, the most common reason for a home not selling is that the asking price has been set too high. The reasons for setting your price too high, to begin with, are many. Ranging from over-enthusiastic listing agents to unrealistic seller expectations.

October is the worst month to sell

Homebuying activity typically comes to a near-standstill in December, when people tend to travel and are busy with holiday celebrations.

Typically, winter time is the slowest of the year to sell a property, specifically November, December, and January. However, there are some exceptions because there are several conditions that affect the housing market.

Thursday is generally thought to be the best day of the week to list a house for sale. Studies show that homes listed on Thursdays are more likely to sell faster, and for a higher price.

You do not need to establish a legal entity to set up and run an online store on an international e-commerce platform to sell products and services to Chinese consumers. Prominent international e-commerce platforms are TMall Global, Amazon Global, and JD Worldwide.

How do I buy directly from China suppliers? ›

The best way to buy directly from China is to use a sourcing agent like Kanary. There are other alternatives to speak directly with suppliers such as Alibaba, DHgate, Made-In-China etc. However, using a company like Kanary, who has relationships with suppliers developed over many years, is going to be your best option.

Buyers can always contact Chinese manufacturers on the Business-to-Business platforms (B2B) or other online platforms without necessarily understanding the Chinese language or visiting China. Some of these include Alibaba. Amazon, DHgate, ECVV, Global Sources, and trade wheel, among others.

A better Chinese sourcing agent usually charges a reasonable commission rate, usually 5%~10% of the product purchase amount. The commission rate is slightly different according to the professional level of the purchasing agent, the product type, the total order amount and the project duration.

A China purchasing agent is an agent based in China who coordinates purchasing and shipping of equipment and supplies for a company. Whereas wholesale buyers buy goods for resale purposes - purchasing agents buy goods, raw materials, services, and anything else necessary for business operations.

10 When Direct sales is considered illegal in China? Though Direct Sales is formally considered a legal activity in China, multi-level marketing in the form contemplated in the Regulation on PROHIBITION OF PYRAMID SELLING is prohibited because it is considered as an illegal activity.

When selling your property in China, foreign owners must additionally pay the applicable taxes. In this transaction, you must pay the appropriate taxes, including the sale tax (about 5% of the entire selling price), the stamp tax (around 0.05% of the whole selling price), etc.

How do I find Chinese suppliers online? ›

Alibaba is primarily designed for businesses looking to source products in large quantities. Aliexpress is geared toward individuals looking to buy products in smaller quantities. On Alibaba, buyers and sellers negotiate prices, place orders, and handle logistics.