Model Qi Qi and her actor-husband Simon Yam Tat-wah, who have a reputation in Hong Kong's entertainment industry as active property investors, are eyeing new property targets in the United States and Shanghai. 'A few days ago at a dinner gathering we had a chat with our friends and decided it is time to buy property in the United States,' Qi Qi said. Since home prices in the US had dropped substantially, she said, now might be a good time to buy. 'We are also thinking of buying properties in Shanghai as a way to capitalise on the rising yuan currency on top of rises in capital value.' Qi Qi said they were interested in buying an apartment in an uncompleted development in Puxi. 'My husband has a good friend who is a property expert and he lets us know whenever there are opportunities there.' Qi Qi declined to disclose the couple's property portfolio, but it has been reported that Yam owns properties worth about HK$100 million in more than 20 cities worldwide, including Manhattan, London, Paris, Vienna and cities on the mainland. 'Sometimes we will pop into a property agency in London or anywhere else if we see some lovely property pictures on the window display. We do this very often when we are travelling overseas.' Antony Fung, managing director at property consultant Antony Fung & Co, said some 'smart investors' had returned to the market after seeing declining property prices in the US and Britain. 'One of my clients has come back to buy overseas properties again after observing the market for several years.' Tina Ting, senior manager at Savills' British property department, said the firm had been taking increased inquiries about London properties. Despite the fact that transaction volumes had dropped, she said, prices for prime residential projects in London had not been adversely affected by the negative sentiment on global financial markets. Though she would not disclose sales figure, Ms Ting said expressions of interest from prospective buyers at some of the projects in Shanghai and Chicago, which were marketed by Savills, had exceeded expectations. 'Our overseas property exhibitions have attracted many people.'