Four Cities Tighten Buying Restrictions

Caijing: 4日4城发布新政 2018年至今超10城出台楼市调控新政
In the afternoon of March 31st, Hainan Province issued the "Notice on Doing a Good Job of Stabilizing the Real Estate Market", announcing that non-Hainanese households can only buy one housing unit, and the down payment should not be less than 70%, starting from the date of obtaining the titleless property certificate. Prohibition of transfer during the year and purchase of houses in the purchase area must provide social security or individual tax payment certificates for more than 5 years.

A few days earlier, on March 28th, the “three-in-one” policy in Shenzhen officially landed. On the same day, Hangzhou announced that it will adopt the public notation system for public housing sales of goods. On March 30th, Xi’an City followed suit and issued a notary public number to buy and sell new homes.

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