[photopress:modernbeijing_houses.jpg,full,alignright]According to a newly published rule foreigners who intend to buy a house in Beijing need a certificate issued by the Beijing Municipal Public Security Bureau. This must prove they have stayed in China for at least one year for reasons of work or study.
Last July a statement jointly issued by six ministries led by the Construction Ministry required foreigners to stay in China for at least a year before they would be allowed to buy a house. The rule required that they only use and dwell in the house themselves and not buy a house for other purposes. They were also required to use their real names when buying a house in China.
However, property sales for foreigners and foreign organizations came to a temporary halt in Beijing following the statement because it lacked specific requirements.
The new rule, jointly issued by the city’s five departments led by the Beijing Municipal Construction Committee, specifies that foreigners should provide a certificate as to their status when buying a house. And they can only buy a house for their personal use.
This does not exempt people from the SARs of HK, Macao and Taiwan Province. They, and overseas Chinese, should also be in possession of proper certificates when buying a house.
Source: China Daily