Prop­erty in­vest­ment rules eased

China Daily (Canada) - - SHANGHAI -

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.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.