New policy hinders mortgages for foreigners

The National Development and Reform Commission released a new policy this month stopping foreigners from obtaining medium- or long-term mortgages. This is the latest move by the government to cool China's property market.

2 minute readFebruary 28, 2012 at 11:58 PM

clpstaff

& clp articles

The policy “will not have the impact of cooling the market, we are talking about 2% or 3% of the market here,” said Joel Rothstein, a partner at Paul Hastings

A Subscription is Required to Access this Content

Subscribe to China Law & Practice today for:

✓ A database of 3000+ essential documents, including key PRC laws translated into English
✓ Newsletters with business-critical and sector-specific updates
✓ Premium mobile access with timely analysis on China's fast-changing market

Already a Subscriber? Log In. Sign In Now

Questions? Contact us at [email protected] | 1-855-808-4530 (Americas) | 44(0) 800 098 386009 (UK & Europe)