¨Similar to other jurisdictions
in the world, there are administrative and
governmental processes for land use, right of
use, land title, building application, design
approval, construction monitoring, cost
budgeting, occupancy, closing, presale, and the
like
¨Foreign know-how in demand e.g. a design
by foreign architects may help sell a project
¨Foreign professionals
will have to work with or through China-licensed
counterpart professionals
¨Competition is also very keen and
the locals are acquiring overseas professional
recognitions too
¨Land acquisition mostly handled by
government
¨Auction is encouraged or even
mandatory (difference in interest between
central and local governments at times)
¨