Property News · November 29, 2016

Shanghai steps up property curbs for the third time this year


Shanghai municipality has stepped up curbs on property purchases for the third time this year, amid central government discontent that the city’s home prices have not fallen since the last tightening in October.
Under a new round of regulations announced on Monday night, buyers in Shanghai who have no homes already in their name, but are in possession of mortgage records, will no longer be considered as “first-time homebuyers”. That would make them ineligible for the more…

Source : South China Morning Post
Read more…Shanghai steps up property curbs for the third time this year

You may also like...