Another city lifts property restrictions
Updated: 2014-09-28 11:03
(chinadaily.com.cn)
|
|||||||||
The Statue of Fishing Girl is seen against a cluster of residential apartment buildings in Zhuhai city, South Chinas Guangdong province, Aug 26 2010. [Photo/IC] |
Zhuhai, a city in Guangdong province, announced on Saturday its decision to loosen housing purchase limit, leaving only five others - Beijing, Shanghai, Shenzhen, Guangzhou and Sanya - still keeping the restrictions.
In a notice released by the municipal government of Zhuhai on its website, residents no longer need to file proof of their social security or tax payment when buying apartments in newly-developed districts such as Hengqin, or ones that are above 144 square meters.
Non-local residents can buy up to one commercial housing in downtown districts, but there's no such restriction for home purchase in the new towns, says the notice.
The initiative is in accordance with "supporting the middle-end property market and making room for high-end demands," Zhuhai Daily reported.
About 40 Chinese cities have either lifted or loosened the housing purchase limit this year to rev up local real estate markets. The cooling measure was first introduced in 2011.
China's four big State-owned banks are planning to reduce down payment requirement from second-time home buyers if they have paid back the mortgage loan, the Shanghai Securities News reported quoting internal sources on Sept 23.
The minimum down payment for first-time homebuyers is about 30 percent of the housing's market value, while 60 percent for mortgagers who wish to purchase a second home, according to Xinhua.
New-home prices fell month-on-month in August this year in 68 of the 70 major cities monitored by the National Bureau of Statistics (NBS), the weakest housing data in the past three-and-a-half years since the government changed the way it compiled the figures.
In the first eight months of this year, national home sales dropped 10 percent by floor space over a year earlier and slumped 10.9 percent by value, the NBS said earlier.
|
|
Necessity is the mother of invention for developers | Ways to promote real estate sales |
- BOC predicts China Q3 growth at 7.3%
- ICBC, CCB responding to alleged home loan policy changes
- Experts urge differential mortgage policy
- China property hard sell intensifies in bid to lift sagging sector
- Subsidized housing offers opportunity and risk to property firms
- Top China bank to relax rules on home loans - paper
Most Viewed
Editor's Picks
Alibaba - Journey of the tech giant |
Top 10 cheapest new energy cars promoted in China |
11th China-ASEAN Expo |
Go Wuxi: Canal city in transition |
Budding businesses of the digital age |
Top 10 most used desktop instant messaging tools |
Today's Top News
Chinese FM reaffirms support for UN
'The ticket changed my destiny'
Chicago air traffic center fire grounds 1,750 flights
Li: Financial reform gains steam
China supports UN peacekeeping
Forum ready to narrow gap in trust
7 officials punished over fatal school stampede
iPhone 6 goes on sale in Taiwan
US Weekly
Geared to go |
The place to be |