Property News · April 23, 2018

Hainan restricts property ownership options for non-locals, after throwing doors open to visa-free entry 


Beijing imposed restrictions on the purchase of property in Hainan on Sunday night, about a week after it announced an ambitious free-trade zone plan for the island, which is also known as “China’s Hawaii”.
In a move that suggests zero tolerance for speculation, the provincial government has stipulated that non-locals cannot buy homes in Hainan unless they can provide official proof that they have paid the local social security fund for 24 months. In the hotspot cities of…

Source : South China Morning Post
Read more…Hainan restricts property ownership options for non-locals, after throwing doors open to visa-free entry 

You may also like...