Property investment rules eased
China has eased property investment rules for foreign individuals and institutions across the country, enabling qualified foreign investors to buy more properties on the Chinese mainland, authorities announced.
The announcement, posted on the website of the Ministry of Commerce, said that foreign institutional investors are exempt from registration fees when taking out domestic and foreign loans for property.
Foreign individuals and companies are now allowed to buy as many properties as they wish, but they are still subject to local housing purchase limits.
Previously, foreign residents were allowed to buy no more than one property on the mainland and had to first have worked in China for a year.