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Sign up with Google Sign up with FacebookQ: Can I buy land in China as a foreigner?
Is it allowed legally to buy land in China being a foreigner?
In China, all land in cities and countryside belongs to the Central Government. No Chinese, and much less a foreigner, can "own" land in China as a result.
Now, you can use it by leasing (rent) it. Area unit here is called "mu", and 16.1 mu are equal to an acre of land. You negotiate for a parcel of land that interest you for a particular, stated purpose, and sign a contract renting it for a fix number of years (I have seen it for up to 75 years for buildings, maybe up to 35 years for farm land), and pay a fee in local currency yearly for its usage. These contracts are and can be renewed upon expiration, if it does not conflict with their Great Master Plan for the area at the time.
If ever, one of such agreements has to be cancelled for allowing a new project to be done, you will be compensated for whatever you have on the site.
I do know of one entrepenuer with close contacts with Government who makes quite a nice living by finding out where new highways are projected, new hospitals, schools, etc. He buts rental contract from farmers, built a couple of shacks, plant some vegetables (minimum investments type), then when expropiated makes quite a profit out of "improved fam land". Of course, he is a very grateful person, and does share his wealth with those that help him get the proper information.
China owns all land, you only get to "borrow" it for a determined number of years. Here's a couple of links from people asking the exact same thing, to help you understand.
In China, all land in cities and countryside belongs to the Central Government. No Chinese, and much less a foreigner, can "own" land in China as a result.
Now, you can use it by leasing (rent) it. Area unit here is called "mu", and 16.1 mu are equal to an acre of land. You negotiate for a parcel of land that interest you for a particular, stated purpose, and sign a contract renting it for a fix number of years (I have seen it for up to 75 years for buildings, maybe up to 35 years for farm land), and pay a fee in local currency yearly for its usage. These contracts are and can be renewed upon expiration, if it does not conflict with their Great Master Plan for the area at the time.
If ever, one of such agreements has to be cancelled for allowing a new project to be done, you will be compensated for whatever you have on the site.
I do know of one entrepenuer with close contacts with Government who makes quite a nice living by finding out where new highways are projected, new hospitals, schools, etc. He buts rental contract from farmers, built a couple of shacks, plant some vegetables (minimum investments type), then when expropiated makes quite a profit out of "improved fam land". Of course, he is a very grateful person, and does share his wealth with those that help him get the proper information.