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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

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