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Posts: 35

Governor

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Q: How many homes can I buy here in Shanghai as an expat?

I heard that there is a new rule that locals can only buy one home and only if they are married or if they are actually Shanghainese. So my question is how many homes can i buy here in Shanghai as i am interested in some rental properties sometime in the future?

12 years 8 weeks ago in  Housing - Shanghai

 
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Posts: 2409

Emperor

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As the law stands now, foreigners are only allowed to own 1 property in all of China.  Locals can buy as many as they want, but the amount they need to put down and the interest they need to pay goes up with each property purchased.

 

Of course, this being China, the rules are open to vast levels of interpretation depending on the city, time of year, proximity to lunch time and the size of the hongbao in your hand.

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12 years 8 weeks ago
 
Posts: 284

Shifu

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It is depends on which community the house you want to buy are in. some communities have to meet rules which Chinese can buy or not. The rules is strict because, once you buy the house, your name will be registered in corresponding government department. If you want to buy the second one, you cannot go through the procedure.

 

I dont know whether foreigher can buy second house or not.

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12 years 8 weeks ago
 
Posts: 3025

Emperor

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You, as an individual, by law in China, can only have one real estate property, and must use it to live, can not rent it out.  You must reside in China at least one year before you buy that property.

 

But as an ExPat, if you want to buy more than one apartment, and rent them out, you must create and register a Foreign Wholly Owned Corporation, and once all formalities are done, then you can buy as many as you have money to pay for, because I doubt a bank will loan you (because you are not a national) any money.

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12 years 8 weeks ago
 
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A: Good question!  I'd say, if you study at Uni in China beside
A:Good question!  I'd say, if you study at Uni in China beside working full-time as an E.T. with Residence permit, you don't interfere with your full-time employment.It's your free time and you can do anything you want, with respect to the Chinese laws and customs. Have a look at terms of Z visa/Residence permit and ... ".. you cannot work (and earn monies!) with another employer ..."That's all it is! Your RP sponsor title is written on the RP stamp in your passport, I think. It's in Mandarin, so I've heard about that from someone ...At I.D.-ing by cops, they know where you work and than more details about you are just a phone call away ... and it happened in person ... LOL ... during the day-time stroll through Wulumuqi, Xinjiang, 2012/13 semester. Now under RP, you're free to surf Internet, jog, ... and study, too. I suggest, you look and ask at the Uni, you plan to study in the future. Have a detailed look at requirements for studying and attending chosen Uni.Good luck! -- icnif77