The place to ask China-related questions!
Beijing Shanghai Guangzhou Shenzhen Chengdu Xi'an Hangzhou Qingdao Dalian Suzhou Nanjing More Cities>>

Categories

Close
Welcome to eChinacities Answers! Please or register if you wish to join conversations or ask questions relating to life in China. For help, click here.
Posts: 35

Governor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

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?

7 years 4 weeks ago in  Housing - Shanghai

 
Answers (3)
Comments (0)
Posts: 2418

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

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.

Report Abuse
7 years 4 weeks ago
 
Posts: 285

Governor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

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.

Report Abuse
7 years 4 weeks ago
 
Posts: 3046

Emperor

0
0
You must be a registered user to vote!
You must be a registered user to vote!
0

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.

Report Abuse
7 years 4 weeks ago
 
Know the answer ?
Please or register to post answer.

Report Abuse

Security Code: * Enter the text diplayed in the box below
Image CAPTCHA
Enter the characters shown in the image.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <img> <br> <p> <u>
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
  • Textual smileys will be replaced with graphical ones.

More information about formatting options

Forward Question

Answer of the DayMORE >>
A: Going to HK would be the best bet I reckon, especially if you were loo
A:Going to HK would be the best bet I reckon, especially if you were looking for a church wedding. Chinese weddings are pretty grim IMO - you go to a barren govt dept with souless officials and navigate red tape so some guy can give you a red stamp and a marriage book. You get expensive pictures taken of you both posing in places you'd never go to in everyday life that is somehow supposed to represent your wedding, then a while later it's off to a restaurant where a game show host kind of guy makes sure it's as tacky as possible while the guests eat as fast as they can so they can leave as soon as they finish eating and gave you money. Hell, I'd go to Thailand or the Philippines and get married in Paradise.   -- Stiggs