: Residential land is leased for a maximum of 70 years .
Unlike many Western countries, you cannot own land privately in China; it is state-owned. buying property in china
: Foreigners are typically restricted to owning only one residential property for personal use. : Residential land is leased for a maximum of 70 years
: You own the physical structure (Housing-Ownership Right) indefinitely, but your right to the ground beneath it (Land Use Right) is time-limited. The Purchasing Process Buying property in China as a foreigner (2024) - Wise : You own the physical structure (Housing-Ownership Right)
: Under current laws, these leases are expected to renew automatically, though specific fees or procedures for future renewals remain a subject of evolving legislation.
: The property must be used for living; you are generally prohibited from acting as a landlord or renting it out.