Twenty-one cities rein in property market

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

Shenzhen, Guangdong province

Date of policy release: Oct 4, 2016

Highlights of the policies:

Single adults with a local "hukou" are prohibited from purchasing a second house. Non-local residents should provide proof of at least five years' personal income tax or social security insurance payment in the city, to purchase their first home and they are prohibited from purchasing a second home.

Twenty-one cities rein in property market

Cityscape of Futian district with the Ping An International Finance Center (the tallest structure in the district), and other high-rise residential and office buildings in Shenzhen, South China's Guangdong province, June 2, 2016. [Photo/IC]

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