Tuesday 21 February 2012

Shanghai relaxes home purchase restrictions

* Non-local residents are now qualified to buy 2nd homes once they've
held residence permits for 3yrs. (Shanghai Securities News)
* Residence permit holders previously were not allowed to buy 2nd homes
in Shanghai
* Local agents believe this is a relaxation policy as there has never
been such a case that non-local residents could buy 2 homes.

More customized relaxation on the property market later?