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Twenty-one cities rein in property market

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

Guangzhou, Guangdong province

Date of policy release: Oct 4, 2016

Highlights of the policies:

Local residents are prohibited from purchasing a third home, while non-local residents should provide proof of at least three years' personal income tax or social security insurance payment in the city for the purchase of a first home and they are prohibited from purchasing a second home.

Twenty-one cities rein in property market

Night view of skyscrapers and high-rise buildings in Zhujiang New Town, Guangzhou city, South China's Guangdong province, July 31, 2015. [Photo/IC]

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