The government has decided that investors will not be able to purchase existing properties between April 1, 2025 and March 31, 2027. 

The law’s goal is to prohibit foreign “land banking.” 

Foreign investors, including temporary residents and foreign-owned companies, will be unable to purchase established residences from April 1, 2025, unless they qualify for special exemptions. There are a few exceptions.

Furthermore, foreign investors who purchase undeveloped land must meet development standards, which require the site to be put to productive use in a reasonable amount of time.