Foreigners still hungry for Chinese real estate
Posted on Oct-30-2007· by china investor
BEIJING, Oct. 30 — For many foreigners, investing in property in China isn’t easy. Just ask Tom Luckock.
Luckock, a 32-year-old Australian lawyer who has lived in Beijing a total of six years, owns two siheyuan – or “four-sided courtyards” – tucked away in Beijing’s historic hutong alleyways. He bought the first 190-sq-m home two years ago, after four years of searching and several collapsed deals.
The second, a 326-sq-m siheyuan, Luckock bought last year, after negotiations with five different owners and a title dispute involving illegal squatters. He was forced to buy the property in his fiance’s mother’s name to get around a new law restricting to frameBorder=0 width=604 height=28>
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