The mainland real estate market attracted 18.5 billion yuan (HK$22.4 billion) in overseas investment in the first seven months of this year, down 24.5 per cent from the same period last year.
On August 19, six state agencies issued directives relaxing restrictions on foreign investment in the property market, representing a significant shift in the government's position.
The directives allow foreigners to have a higher leverage ratio, easier access to financing, and ease rules on purchases by foreign enterprises and individuals.