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Twenty-one cities rein in property market

(chinadaily.com.cn) Updated: 2016-10-12 07:06 Comments

Suzhou, Jiangsu province

Date of policy release: Oct 4, 2016

Highlights of the policies:

Non-local residents should provide proof of at least one year's personal income tax or social security insurance payment in the city, to purchase their first home. The city will halt house sales to non-local residents with one house and local residents with three houses.

The down payment for a second home is raised from 50 percent to 80 percent for local residents who have one house but haven't paid off the loans for the house.

Twenty-one cities rein in property market

Lights illuminate the Gate of the Orient, a landmark in Suzhou, East China's Jiangsu province, Dec 27, 2015. [Photo/VCG]

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