CCTV.com - CNTV English - CCTV News

1st house-purchase cap for lower-tier cities issued in Taizhou

08-29-2011 09:05 BJT

Watch Video

Play Video

The city of Taizhou in the east province of Zhejiang has issued restrictive measures on home purchases. The measures mark the first house-purchase cap for second and third tier cities.

The notice issued by the Taizhou municipal government states potential home buyers must prove they've paid personal income tax or social insurance for more than a year within the past two years. The new restrictions also ban property purchases for families with the city's Hukou who already own two or more homes.

As for home owners who do not possess the city's household registration, they will not be allowed to purchase a second property. The same rule will be applied to those who failed to pay personal income tax or social insurance for at least one year in the past two years. First-tier cities, such as Beijing and Shanghai have been targeted by the house-purchase cap since January this year.

 

Editor:Zhang Dan |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