Beijing tightens restrictions on flat buying
By Hu Yuanyuan | China Daily | Updated: 2011-02-17 08:02
Non-locals have to pay income tax for 5 years before purchasing home
BEIJING - The Beijing municipal government released a package of rules on Wednesday to restrict home purchases in the capital and rein in soaring property prices.
The package follows the central government's property tightening measures announced in January to cool the market.
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