Caixin Explains: The Capital's New Housing Rules
With home prices rising rapidly again, a number of regional governments have come up with measures to cool property markets. Here is a look at new rules unveiled by the Beijing municipal government on October 23 and the possible impact they will have.
What's special about the new Beijing rules?
They aim to boost real estate purchases by people who actually intend to live in the home. The name for the set of seven new regulations can be translated as "Beijing Seven Rules" and the rules uses a new term: "self-use commercial housing." The rules are intended to make homes more affordable, and are aimed at smaller homes the lower-middle income group might buy. They also aim to discourage speculators.
- 60-Second News for July 22: Typhoon Rammasun
- Market Reforms, Fight against Corruption Go Hand in Hand, Expert Says
- What Li Keqiang Asks in Meetings with Economists
- Increased Oil Imports 'Spur Rise in Shipping Costs, Plans to Build More Ships'
- Graft Fight Will Take Years, U.S. Expert Says, but China Is Heading in Right Direction
- Helicopter Crash
- Yunnan Mudslide
- The Week in Photos: July 12- 18
- Meat Supplier Puts McDonald's, KFC in Food Safety Spotlight Again
- Graphics: Dangerous Airspace
- Sign up to receive our free daily newsletter
- CCTV Financial News Anchor Rui Chenggang Is Detained
- Gov't Selects Six SOEs for New Round of Pilot Reforms
- Qingdao Port Warehouse Receipts Forged with Phony Seals, Says Source
- Getting a Healthy Interest in Medical Tourism
- Alibaba Has Big Hopes for New Big Data Processing Service
- Why Congress Should Pass the EB-5 Regional Center Extension Act
- The Lost Soldier of Myitkyina
- Beijing Monorail Plan Earns Ire Among Residents
- Graphics: What Does US$ 100 Mean to Expatriates Around the World?
- WH Group Hits out Against 'Defamatory' Accusations