Can Shanghai still buy a house if it defaults on social security?

Legal analysis: You can buy a house if you pay social security. Because as long as the social security payment time in Shanghai reaches more than 5 years, you can buy a house. Although the requirements for foreigners are higher, foreigners can also enjoy this policy.

Legal basis: Measures of Shanghai Municipality for the Administration of Pre-sale of Commercial Housing.

Twentieth commercial housing pre-sale contract signed within ten days, by the development and operation of enterprises in accordance with the provisions of Article twelfth of these rules, the pre-sale contract will be sent to the real estate transaction management office for review. When the pre-sale contract is submitted to the real estate transaction management office for review, the following materials shall be submitted: (1) declare the pre-sale price of the completed commercial housing; (2) Buyer's identity certificate or relevant certificates; (3) Overseas Chinese, compatriots from Hong Kong, Macao and Taiwan, or foreign-funded enterprises in this Municipality who purchase high-standard commercial housing in the domestic market shall submit the Application Form for Purchasing Commercial Housing in this Municipality approved by the Taiwan Province Affairs Office of the Shanghai Municipal People's Government and the Overseas Chinese Affairs Office of the Shanghai Municipal People's Government or the Application Form for Purchasing High-standard Commercial Housing in the Domestic Market approved by the foreign-invested enterprises in Shanghai. The pre-sale contract that meets the transaction procedures shall be stamped with the official seal of the real estate transaction management office. If the real estate transaction management office fails to go through the transaction review procedures, the pre-sale contract shall not be registered for the record.

Twenty-first commercial housing pre-sale contract after passing the examination of the real estate transaction management office, the real estate transaction management office unified to the real estate registration and certification management department for pre-sale contract registration.