Wed, February 16, 2011
China > Mainland

Beijing issues new rules to limit house purchase

2011-02-16 09:58:04 GMT2011-02-16 17:58:04(Beijing Time)  Xinhua English

BEIJING, Feb. 16 (Xinhua) -- Beijing Municipal Government Wednesday issued new rules limiting the number of homes each family can buy as the government steps up efforts to cool the property market.

The new rules ban Beijing families who own two or more apartments and non-Beijing registered families who own one or more apartment from buying more homes.

Non-Beijing registered families who have no residence permit or documents certifying that members of the family have been paying social security or income tax for five straight years are also banned from buying apartments.

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