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Thread: emigrating to china
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[quote=YUHAOROMAN,231796]pursuant to Opinions of the Ministry of Construction, the Ministry of Commerce, National Development and Reform Commission, the People's Bank of China, the State Administration of Industry and Commerce and the State Administration of Foreign Exchange concerning Regulating the Access to and Administration of Foreign Investment in the Real Estate Market: A branch or representative office, established in China by an overseas institution (except for an enterprise that has been approved to engage in real estate operation) or a foreign individual that has worked or studied in China for more than 1 year may purchase a commercial house according to his actual needs for self-use or self-accommodation, yet shall not purchase any commercial house not for self-use or self-accommodation. An overseas institution without any branch or representative office in China or a foreign individual that has not yet worked or studied for more than 1 year in China may not purchase any commercial house. A Hong Kong, Macao or Taiwan resident or an overseas Chinese may purchase a certain area of commercial house for self accommodation within China in line with his needs. So actually, foreign individual can buy property, but there is restriction, the reason for that is to prevent overseas hot money flowing into chinese property market and avoid economic bubble. regards, Steven [/quote]
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