21 Chinese cities tighten Real Estate Policy

21 cities in China have released tightening measures on house purchases since September 30, marking a new round of controls aimed at cooling down the fizzling market. Here is a list of the cities.

Beijing, Tianjin, Suzhou, Zhengzhou, Chengdu, Jinan, Wuxi, Hefei, Wuhan, Nanjing, Nanning, Guangzhou, Shenzhen, Foshan, Xiamen, Dongguan, Zhuhai, Fuzhou, Huizhou, Shanghai, and Nanchang.

Beijing: The down payment for first homebuyers should be no less than 35 percent, while that for second home purchases should be no less than 50 percent.

21 Chinese cities tighten Real Estate Policy

Tianjin: The city will halt new and second house sales to non-local residents with one or more houses in the prescribed seven districts in Tianjin.

Chengdu, Sichuan province: In certain districts of Chengdu, homebuyers can only purchase one new commercial residential house.

Zhengzhou, Henan province: Houses with an area of less than 180 square meters should not be sold to local residents with two or more houses and non-local residents with one or more. The down payment for first home buyers should be no less than 30 percent, while that for second home purchases should be no less than 40 percent.

Wuxi, Jiangsu province: Non local residents are prohibited from purchasing a second house. The down payment for second homebuyers should be no less than 40 percent.

Jinan, Shandong province: Local residents are prohibited from purchasing a fourth house and non-local residents are not allowed to buy a second house. The down payment for first home buyers is raised from 20 percent to 30 percent, while that for second home purchases are raised from 30 percent to 40 percent.

Hefei, Anhui province: Local residents are prohibited from buying a third house. No local residents should provide proof of more than one year's payment of personal income tax or social security insurance in the city before the purchase of first homes and are prohibited from buying a second home.

21 Chinese cities tighten Real Estate Policy

Wuhan, Hubei province: In certain districts of Wuhan, housing loans will not be issued for the purchase of a third house by local residents and the purchase of a second house by non-local residents. The down payment for first home buyers should be no less than 30 percent, according to a new circular issued on Oct 5.

Suzhou, Jiangsu province: Non-local residents should provide proof of at least one year's personal income tax or social security insurance payment in the city, to purchase their first home. The city will halt house sales to non-local residents with one house and local residents with three houses. The down payment for a second home is raised from 50 percent to 80 percent for local residents who have one house but haven't paid off the loans for the house.

Shenzhen, Guangdong province: Single adults with a local "hukou" are prohibited from purchasing a second house. Non-local residents should provide proof of at least five years' personal income tax or social security insurance payment in the city, to purchase their first home and they are prohibited from purchasing a second home.

21 Chinese cities tighten Real Estate Policy

Guangzhou, Guangdong province: Local residents are prohibited from purchasing a third home, while non-local residents should provide proof of at least three years' personal income tax or social security insurance payment in the city for the purchase of a first home and they are prohibited from purchasing a second home.

Nanning, Guangxi Zhuang autonomous region: Real estate developers should publish the number and the price of houses approved for sale within 10 days of acquiring the pre-sale permit, and the actual sales price should not be higher than the pre-sale price quoted with local authorities.
Nanjing, Jiangsu province: Non-local residents should provide proof of at least one year's personal social security insurance payment in the city, to purchase their first home. Single adults with a local "hukou" are prohibited from purchasing a second home. It reiterated its policy announced on Sep 25 that local residents are not allowed to purchase a third home and non-locals should not purchase a second home.

Xiamen, Fujian province: Local residents are not allowed to purchase a third home and non-locals should not purchase a second home. Non-local residents should provide proof of at least three years' social security insurance payment in the city to purchase their first home.

Zhuhai, Guangdong province: Local residents are not allowed to purchase a fourth home and non-locals should not purchase a second home. Non-local residents should provide proof of at least one year's social security insurance payment in the city to purchase their first home.

Huizhou, Guangdong province: The city asks real estate developers to acquire pre-sale permits for the pre-sale of commercial residential houses. Those selling houses without pre-sale permits will be ordered to stop the sale and will be fined.

Fuzhou, Fujian province: Local residents are not allowed to purchase a third home and non-locals should not purchase a second home. Non-local residents should provide proof of at least one year's social security insurance payment in the city for the purchase of a first home.

Dongguan, Guangdong province: New houses will not be sold to local and non-local residents who have owned two or more than two houses. Non-locals who have owned one house should provide proof of at least one year's social security insurance payment in the city for the purchase of a second house.

Foshan, Guangdong province: Local residents are not allowed to purchase a third home. Non-locals without a house in the city can buy one new house and should provide proof of at least one year's social security insurance payment in the city to purchase their second house.

Nanchang, Jiangxi province: The city will halt new house sales to local residents who have owned one or more than one house. It will halt the sales of new houses and second-hand houses to non-local residents who have owned one or more than one property. The down payment for first time home buyers should be no less than 30 percent.