Exhibit 23.2



                         INDEPENDENT AUDITORS' CONSENT

         We consent  to the  incorporation  by  reference  in this  Registration
Statement  of Heng Fai China  Industries,  Inc. on Form S-8 of our report  dated
June 14, 1996 (which  report  expresses an  unqualified  opinion and includes an
explanatory paragraph referring to doubt about the Company's ability to continue
as a going  concern),  appearing  in the Annual  Report on Form 10-K of Heng Fai
China Industries, Inc. for the year ended December 31, 1995 and to the reference
to us under  the  heading  "Experts"  in the  Prospectus,  which is part of this
Registration Statement.


/s/ Deloitte Touche Tohmatsu
Hong Kong
March 6, 1997