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
     
    亚洲中文字幕无码日韩| 人妻夜夜添夜夜无码AV| 国产精品无码无片在线观看| 天堂网在线最新版www中文网| 人妻无码久久一区二区三区免费| 天堂资源中文最新版在线一区 | 人妻无码αv中文字幕久久| 无码AV动漫精品一区二区免费| 人妻一区二区三区无码精品一区| 亚洲综合无码精品一区二区三区| 精品久久久久久中文字幕| 国产自无码视频在线观看| 无码专区狠狠躁躁天天躁 | 中文无码久久精品| 波多野结衣中文字幕在线| 无码毛片一区二区三区视频免费播放| 亚洲av无码专区国产乱码在线观看 | 人妻中文无码久热丝袜| mm1313亚洲国产精品无码试看| 亚洲VA中文字幕不卡无码| 国产成年无码AV片在线韩国| 欧美日韩国产中文精品字幕自在自线| 亚洲精品中文字幕乱码三区| 下载天堂国产AV成人无码精品网站| 精品无码国产自产拍在线观看| 无码丰满少妇2在线观看| 亚洲国产精品无码一线岛国| 国产精品99久久久精品无码| 最近中文字幕高清字幕在线视频| 18禁网站免费无遮挡无码中文| 中文字幕久久精品无码| 亚洲人成无码www久久久| 无码人妻AⅤ一区二区三区水密桃| 91精品日韩人妻无码久久不卡| 精品无码一区二区三区爱欲九九| 国产在线无码不卡影视影院| 久久久久无码精品国产不卡| 国产成A人亚洲精V品无码| 国产精品无码成人午夜电影| 久久亚洲AV成人无码电影| 国产成人AV片无码免费|