Hangzhou City, located in eastern China, has recently issued a notice regarding the optimization and adjustment of real estate market control policies. The key highlight of this notice is the complete lifting of housing purchase restrictions within the city. This means that when purchasing a house in Hangzhou, individuals will no longer be subject to qualification reviews for purchasing a house.
Additionally, individuals with non-local household registration who have obtained housing with legal property rights in Hangzhou can now apply for settlement within the city. This move is aimed at promoting the stable and healthy development of the real estate market in Hangzhou.
Furthermore, the notice mentions that buyers who do not have a house in the urban area where they intend to purchase a house, or who only have one house for sale in that urban area, can be considered as first-time buyers when applying for a mortgage loan for a newly purchased house. This adjustment in policy is expected to provide more flexibility and support to potential homebuyers in Hangzhou.
The notice also emphasizes the importance of promoting the supply of high-quality housing in the city. It mentions improving supporting facilities around transferred land, supporting the development of low-density, high-quality residential products tailored to local conditions, and encouraging the construction of green, low-carbon, and technological buildings to meet the diverse housing needs of the residents.
Overall, the optimization and adjustment of real estate market control policies in Hangzhou are seen as positive steps towards promoting a stable and healthy real estate market in the city. The measures introduced are expected to provide more opportunities for individuals looking to purchase property in Hangzhou while also focusing on quality housing development.
This article was sourced from Securities Times Network and originally titled “Hangzhou: Completely canceling housing purchase restrictions. Non-local residents who have obtained housing with legal property rights can apply for settlement.” Please note that the information provided is for dissemination purposes and does not constitute investment advice. Readers are advised to proceed with caution and at their own risk.