Shenzhen has tightened rules on home purchases by introducing additional residency and tax requirements to douse a “violent surge” that turned China’s Silicon Valley into the hottest property market in the country.Residents with hukou in the south-eastern city bordering Hong Kong will be only be allowed to buy a home if they have held the so-called local household registration paper for more than three years, according to a statement published by the Housing and Construction Bureau on Wednesday…
Source : South China Morning Post
Read more…Shenzhen toughens local residency requirements to douse ‘violent surge’ in China’s hottest residential market















