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anonymous
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Q: how foreigners can buy a house in China?

especially in Shanghai

7 years 42 weeks ago in  Business & Jobs - Shanghai

 
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Posts: 1318

Shifu

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Yeah you can buy a house, just remember that the land the house is on still belongs to China, it's just leased for a period of time (that period varies depending on what they want to do with the land). So don't think that you can invest for foreign money to buy a big house now that your great grand kids will be able to live off of till their old and gray.

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7 years 42 weeks ago
 
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Governor

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Use the term "buy" loosely, you own nothing in China, but you can lease it for what? 70 years is it?

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7 years 42 weeks ago
 
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Emperor

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a foreigner in China can buy a house or apartment, only one, and must use it for living himslef or herself, can not be used to be rented or any other commercial possibility. It can be placed in your name, your type of visa could be of some importance, and you must have the total amount of money required, no bank will loan you money to buy a house unless you have resided and worked in China for many years.

Be aware that new homes in China are delivered to you in an unfinished condition, just doors and windows, but no floors, no plaster on walls, no appliances, no lamps, no painting of the inside, not even a shower head or a wash basin, and of course no toilet either.

So, figure at least another 200,000 yuan to finish and furnish the house after buying it. And I have seen some blow 1/2 million yuan on just this last part.

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7 years 39 weeks ago
 
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Shifu

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It is my belief that you have to have evidence that you have resided in China for 12 months prior to the purchase. That is what I was told in the Shenyang property office. Is this correct?

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7 years 39 weeks ago
 
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Why would you want to?

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5 years 34 weeks ago
 
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Governor

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Chinese houses are built like fortresses. They must be hard to heat. But they are built to last. No termites.

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5 years 34 weeks ago
 
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Governor

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@franck

do you live in china? seriously? made to last? what a fucking joke. the houses here look after 5 years already like they are already 150 years old and almost fall apart.

 

leasing for 70 years.... yeah if the house will last 70 years, i give them 20 at max

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5 years 34 weeks ago
 
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: alternatively he is from one of those countries where they build houses out of flimsy wood constructions despite having severe weather like tornadoes. but you're right, the buildings do not have a strong quality feel to them.

 

actually I saw the inside of a 1980 building during renovation. To my surprise this 6 floor architectural marvel was built from bricks not concrete. The walls at 6th floor are very thick, mostly solid, and I think witness that those who built it, either have no idea of the structural properties of the building material or had little faith in the quality of the building materials. 

 

I have had the conversation at a dinner table.

Me: So this is a a nice place, how long time have you had it

Happy Home Owner: Since the building was built

Me: So you've taken it over from your parents ? 

Happy Home Owner: No, we bought it 3 years ago when we got married

 

The building I live in is from 2009, it has rusty stuff running down the sides, not from mounting brackets where windows are ac's are, but just from the sides of the main pillars carrying the weight. There is no way in hell this building will stand 70 years.

The whole structure is made to sell for as high profit as possible. Even if we say the building is going to be structurally sound for the next 70 years, then the interior is not made to be in a modern world. Heating/Cooling/Water supply is made, so it is there, that is it. It is not made so it works well, is energy efficient, so it is discrete. I am sure if this building was built up to western standards, energy consumption could be cut in half, easily. I have a couple of patent pending ideas on how to boost energy efficiency of "modern" Chinese "houses". 

 

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5 years 34 weeks ago
 
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