Property Investor information: Paracel Islands
TPI
Rating:
10
9
8
7
6
5
4
3
2
1
nc
Property Investor information for: Paracel Islands
The Paracel Islands are surrounded by productive fishing grounds and by potential oil and gas reserves. In 1932, French Indochina annexed the islands and set up a weather station on Pattle Island; maintenance was continued by its successor, Vietnam. China has occupied the Paracel Islands since 1974, when its troops seized a South Vietnamese garrison occupying the western islands. The islands are claimed by Taiwan and Vietnam.
Paracel Islands is currently not recommended by The Property Investor Magazine for foriegn Property Investment due to this countries political and or economic situation.