Does anyone know the legality and amount of paperwork involved in purchasing a flat in Hong Kong? Would one need to hire a lawyer for drawing out the legal terms?
How about renting it out once its purchased? Can an American rent out to expats or locals on their own or do they have to pay commission to an agent?
What about the visa issue? I guess you have to invest at least 8 mil or so to get permanent residency? What if one was just on a tourist visa? Not much use buying a flat you can't get to for personal use or managing as a rental.
One more question. What are the loans like out here? As a foreigner, would one have to go to their home country's bank or will one's local HSBC be willing to help?