Is there even a land registry office in China where mortgages can be registered and then possibly foreclosure in case of non-payment?
If you buy the apartment and need a bank loan, this is recorded at the land registry office.
This prevents you from selling the apartment without the bank's consent.
Once everything is paid off, you have the bank confirm it, you run to the land registry office with the document, and they remove the entry.
Moving within the company, but the tendency seems to be: contract limited to 1 year.
The boss would have liked to make it permanent right away, but the HR department said "we don't know him well enough" – even though I've been working here for quite a few years. So the question might only be hypothetical and the bank says "Come back in spring 20222."
Confirming rental income will certainly not be easy. Especially since 1-year contracts are common in China that are renegotiated every year aka "the landlord asks for 50 euros more every year."
Conditions without selling apartment 2 probably won't be great because then I would basically need 100% financing, my savings only suffice for a car and apartment furnishings. But asking doesn't cost anything.
In case of a real estate purchase, it will probably come down to selling apartment 2 and using the rental income from apartment 1 for an annual special repayment. That's not so bad after all.