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.
- CIC Announces Appointment of Shanghai Vice Mayor as General Manager
- Maiden Flight
- China's Bullet Train Export Hopes Hit a Wall
- Forex Woes Force Qihoo to Extend Privatization Deadline
- Shanghai Cracks Down on Illegal Capital Flight
- Unseen Opportunities Created by 'Brexit'
- Points to Ponder when Building China's Future Megalopolis
- Closer Look: Putin's Latest State Visit Highlights Mutual Interests with China
- Shenzhen Bourse Queries Vanke's Hostile Suitors
- Toxin Fears Trigger School Running Track Furor
- Sign up to receive our free daily newsletter
- Brexit: The View from China
- China Seeks Assurances Against Possible Debt Default by Venezuela
- Senior Ideologue Kills Self over Party Infighting
- Sexually Abused Teens: China's Tragic Taboo
- Chinese High Speed Rail Builder Doubts U.S. Partner's Sincerity
- Substandard Running Tracks Sicken China's Children
- Lessons from South Korea for China's Economic Rebalancing Act
- Investor Pain over Mobile Medical App Strain
- Intensifying Battle over Who Controls Vanke
- Two Top Chinese Steel Makers to Reorganize, May Merge