Can Foreign Talents Purchase Houses in Hainan? What Is the Process?
Yes, foreign talents working in Hainan can purchase houses, provided they meet certain conditions. According to local policies, at least one family member—whether it’s the talent themselves, their spouse, or their minor children—must have paid individual income tax or social insurance in Hainan for 12 months or more. Additionally, the family must not currently own a house in Hainan.
How Does the House Purchase Process Work?
To buy a commodity house, foreign talents need to prepare documents such as their ID and submit a house purchase qualification review application to the local housing construction or real estate management authorities. Property developers typically assist with this process.
The authorities will review the application to confirm eligibility. Once approved, the developer is notified to prepare the sales contract. The buyer and developer then sign the commodity house sales contract. After signing, the contract is submitted to the housing authorities for official filing and online announcement.