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China has relaxed its real estate investment rules for foreigners in the hope that it will help boost slowing economy. A government statement issued Thursday, August 27, 2015, by the Chinese Commerce Ministry and other local officials, changed previous rules which governed foreign property investors.
According to the Commerce Ministry, foreign investors are no longer required to pay registration fees when applying for domestic and foreign loans to finance property investment in the country, or when settling foreign exchange transactions.
Aside from this, foreigners and foreign companies are now allowed to buy more than one property, provided the foreign investors stay within the local housing purchase limit set for the area. Previously, foreign residents are only allowed to purchase one home after staying and working in the mainland for at least a year.
China's real estate investment market continued to regain its vibrancy in the first half of 2021. Beijing and Shanghai leading the real estate investment market.
Zhaoqing has the lowest home prices in the Greater Bay Area at 7,000 yuan per square metre, around 28% of the prices in Shenzhen and Guangzhou
Dutch architecture firm MVRDV has been selected to design the 101,300m² Shimao ShenKong International Centre mixed-use development in Shenzhen, China.
Designed by Zaha Hadid Architects, Shanghai’s CECEP campus is aiming to be the greenest construction project in the city.
Home prices in Huizhou saw the second-biggest gains in mainland China, climbing 6.7 per cent between March and June.
The prices of old homes in Shenzhen jumped 10.3 per cent year on year on average in April.