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.
- Chinese Comfort Women: Testimonies from Imperial Japan's Sex Slaves
- The Dog
- Zuckerberg Impresses Tsinghua Students with His Chinese, Even Talks Tech
- Rise and Fall of a Coal Boomtown in Shanxi Province
- Despite Ban, County Holds Convict Parade Days before Rule of Law Plenum
- Paris Expatriate
- Loft Horizon
- Fourth Plenum
- Which Way for Smartphone Swipe and Pay?
- Do you have faith in the central government's plans for cutting air pollution?
- Sign up to receive our free daily newsletter
- The Yellow Pearls of China: Women with a PhD
- Graphics: Ghost Towns
- China Nears Deal with Mexico to Export Bullet Trains for First Time
- Researchers Cast Doubt on State Council Goals to Cut Air Pollution
- Graphics: The Fourth Plenum
- Huge Vale Ship Arrived in Qingdao with 300,000 Tons of Iron Ore
- The Golden Lands: Cambodia, Indonesia, Laos, Myanmar, Thailand & Vietnam
- Alibaba Shopping Site Red-Faced after Number of Phone Orders Faked
- Silver Screen Industry Strikes Investor Gold
- Is There Trouble in Sino-Russian Paradise?