CCTV.com - CNTV English - CCTV News

Shanghai government said no to home policy rumors

02-22-2012 13:20 BJT

Shanghai has been full of rumors about changes in the city's second-home purchase policy for new residents. But the municipal government says, not so.

At the real estate transaction centre in the Pudong New Area, many homebuyers and even their agents did not seem clear regarding the government's decision to treat three-year residents the same as long-term residents, as far as purchasing second homes are concerned.

One real estate agent said:" We are not quite clear about this policy; we haven't received this kind of query from our managers before. "

Under tightened property policies issued a year ago, a non-local resident who has one or more than one house, is not allowed to buy another one. But officials say that those who have lived in Shanghai with a residence permit for more than three consecutive years will be treated the same as locals. That means they are allowed to buy another home, though unlike locals they will have to pay a full deed tax -- 3 percent of the total price.

Jiang Weiru, the spokesman of Shanghai Municipal Housing Support & Building Admin. Dept., said:" There is no change or any loosening of our housing control policy in Shanghai. The housing policy will continue as tight as it has been, following the national plan. "

For non-locals, the first house is exempted from taxation.

 

Editor:Bai Yang |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program