Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Industries

    3 cities impose curbs on home purchases

    By Ren Xiaojin | China Daily | Updated: 2018-06-28 10:36
    Share
    Share - WeChat
    A property project in Changsha, Hunan province. [Photo/VCG]

    Three Chinese cities have launched policies to stop companies from buying residential property, and experts predict other cities will adopt similar measures soon.

    Xi'an in Shaanxi province, Changsha in Hunan province and Hangzhou in Zhejiang province halted housing purchases by companies in designated areas on June 24, 25 and 26 respectively. Other cities including Beijing have launched restrictive policies on companies previously, but this is the first time local authorities have officially put a stop to such trade.

    "The large amounts of capital brought by companies and institutions are causing market panic, it has been a loophole in the country's housing policy," said Xie Yifeng, a real estate columnist and commentator.

    According to a previous report on June 25 by Qianjiang Evening News, a newspaper in Zhejiang, three companies with the same legal representative in Hangzhou, a city that adopts a housing lottery system, won the lucky draw in one real estate project.

    It sparked a heated discussion about fairness. Hangzhou Housing Security and Management Bureau was forced to disqualify companies and institutions from buying residential properties in areas with purchasing restrictions the next day.

    "For the cities with property shortages, such policies will have a considerable effect in the market," said Zhang Dawei, chief analyst at Centaline Property. "In cities such as Shenzhen, companies buying homes are not rare, and such policies will be promoted in other cities."

    "In cities with housing lottery systems, a rising number of homes are being purchased by companies," Zhang said. "Compared to individual home purchases, although companies need to pay more tax during transactions, they can sell the properties through equity trading without time limits."

    He said companies are unlikely to get loans from banks for residential property purchases and in most cases the companies will have to pay for properties in one go.

    "Property purchases by companies are mostly for speculation and occur in many cities," he said.

    Yan Yuejin, research director at E-house China R&D Institute, agreed and said such policies are likely to spread in China.

    Xi'an was the first Chinese city to halt residential property purchases by companies, while Changsha, the second city to implement similar measures, also announced that properties already bought by companies can only be made available for sale five years after they have been purchased.

    "Changsha has a largely undervalued real estate market and the restrictive policy will help curb housing speculation," Yan added. "The previous restrictive policy targeted individual buyers, but companies were not directly affected."

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    日本aⅴ精品中文字幕| 无码A级毛片免费视频内谢| 亚洲国产精品无码专区影院 | 国产资源网中文最新版| 无码人妻精品一区二区三区久久久| 亚洲中文久久精品无码ww16| 日日摸夜夜爽无码毛片精选| 久久无码一区二区三区少妇| 亚洲韩国精品无码一区二区三区| 久久中文精品无码中文字幕| 亚洲无码视频在线| 69ZXX少妇内射无码| 无码人妻精品一区二区| 精品欧洲AV无码一区二区男男| а√在线中文网新版地址在线| 无码AⅤ精品一区二区三区| 国产网红无码精品视频| 无码中文字幕av免费放dvd| 中文字幕无码高清晰| 亚洲区日韩区无码区| 精品无码久久久久久久动漫| 久久久久久亚洲Av无码精品专口| 精品久久亚洲中文无码| 亚洲精品97久久中文字幕无码| 天堂а√在线中文在线| 中文字幕乱妇无码AV在线| 欧美乱人伦中文字幕在线| 中文字幕在线无码一区| 日韩精品无码Av一区二区| 人妻系列无码专区久久五月天| 国产激情无码一区二区app| 免费无码成人AV在线播放不卡| 亚洲AV区无码字幕中文色| 无码少妇一区二区三区浪潮AV| 亚洲精品无码永久中文字幕| 亚洲av永久无码精品表情包| 中文字幕日韩精品无码内射 | 亚洲A∨无码无在线观看| 亚洲精品无码永久在线观看你懂的| 国产成人无码一区二区三区在线| 免费看又黄又无码的网站|