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Shanghai Govt Slaps 5-yr Sales Lock on Some Commodity Housing
In Shanghai, Commission of Housing and Urban-Rural Development, Planning and Land Resources Administration and Bureau of Housing Security and Management jointly issued a notice, sp...
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Shanghai Govt Slaps 5-yr Sales Lock on Some Commodity Housing
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2021/03/04 07:12
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In Shanghai, Commission of Housing and Urban-Rural Development, Planning and Land Resources Administration and Bureau of Housing Security and Management jointly issued a notice, specifying to implement sales restriction policy on some residential properties. Under which, residents in Shanghai are only permitted to transfer their properties after five years of purchase contracts if they buy new commodity housing pursuant to priority purchase policy.
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