while china might be a better prospect then vietnam, still a bad prospect I believe. The market there in shanghai for example became very mature very quickly with prices rising too fast . Because of the massive amount of property being built its often being bought up by single investors and sold on for a higher price artificially inflating to some degree. The market is a lot more saturated now
The thing about china is that the rich capitalists there find it extremely hard to get their money out of the country, because anything transferred out is flagged for tax. hence much of the chinese money has gone and is going into their own real estate. So even with the market getting saturated and mature buildings are still going up because there is so much money there at the moment
Aside from that money a lot of foreign investment has come in
The chinese government are actually trying to stem the price rises and stop all the foreign investment coming into real estate development and purchase there - for example by raising capital gains tax to 20%
I think the boat might have sailed there for property investment, and if there is still some good purchases I see it as high risk due to the governments attitiude toward foreign real estate investment at the moment