Guangzhou Relaxes Property Purchase Curbs on Foreign Buyers

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What’s new: Southern Chinese metropolis Guangzhou has eased home purchase curbs on foreign nationals, as well as buyers from Hong Kong, Macao and Taiwan, in its latest effort to prop up the housing market.

Non-Chinese mainland buyers are now allowed to buy an unlimited number of homes larger than 120 square meters in the city. Previously, non-locals were permitted to buy only one home. However, in the five urban districts with homebuying restrictions they can still only buy one residence smaller than 120 square meters.

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Guangzhou relaxed home purchase restrictions for foreign nationals and buyers from Hong Kong, Macao, and Taiwan, allowing unlimited purchases of homes over 120 sq meters.
The city also removed limits on commercial property purchases for these groups, despite ongoing curbs in five urban districts for homes under 120 sq meters.
With 83,000 non-Chinese passport holders (0.44% of the population), analysts predict limited market impact from these changes.

AI generated, for reference only

What Happened When

By the end of 2023：: Guangzhou had 83,000 residents holding non-Chinese passports, representing about 0.44% of its population.

In late January 2024：: Guangzhou removed the restriction on buying homes larger than 120 square meters and narrowed curbs on the purchase of smaller homes to only five urban districts.

AI generated, for reference only