Apparently this is an effort to bail out or keep afloat the ailing Chinese property market on a national scale. Unfortunately, hot markets in the first-tiered cities are still closed to foreign buyers like Shanghai. However, it is very likely that local governments in Shanghai may loosen the regulation to have more foreign buyers.
The main benefits of the change…
I don’t have any supportative data for property market revival in Shanghai.
The day before yesterday, I went to Shanghai Pudong real estate transaction centre, and what I saw really surprised me. There are so many people buzzing in the hall, and you have to admit that people are coming back into the market again. When the volume of deals increases, the …
Jason Tian, the blogger, Senior Partner at Shanghai Landing Law Offices. You can reach him at: [email protected] or [email protected], or call him directly at+86-13816548421 (also his WhatsApp)
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