Friday, September 25, 2020
NEWS

China’s Shenzhen Introduced the Most Stringent Home Purchase Policy

Shenzhen, in southeastern China, is a modern metropolis that links Hong Kong to China’s mainland. Shenzhen is home to multiple Chinese tech heavyweights, including Tencent, Huawei and DJI.

Today, the city government said in a statement that only people who have lived in the city with residency permits and made tax or social security contributions for three years are eligible to buy homes there.

The new policy it sent a signal that the government will tame excessive home price rises and prevent speculation.

Shenzhen Introduced the Home Purchase limits(Chinese Version)

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