Yes, however there are restrictions in place for foreigners wishing to purchase a residential property in Shanghai.
The requirements for a foreigner to purchase a residential property in Shanghai are that they must hold a Valid Residence permit (known as the Z visa) and have already lived in Shanghai for at-least one year.
Limitations for foreigners are that they are only allowed to purchase one residential property each, and the property is to be used for living in.
You will also need to have a Chinese name which will be stated on your property ownership certificate alongside your original name.
