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New circular re-imposes restrictions on purchases of properties in China by foreign entities and individuals - a sense of déjà vu

  • Hogan Lovells
  • -
  • China
  • -
  • November 30 2010

On 15 November 2010, the Ministry of Housing and Urban-Rural Development (MOHURD) and the State Administration of Foreign Exchange (SAFE) jointly issued the Circular on Further Standardising the Administration of Property Purchases by Overseas Institutions and Foreigners ("Circular 186"), which re-imposes restrictions on the purchase of properties by foreign entities with a presence in China and foreign individuals