Guangzhou relaxes restrictions on home ownership for Hong Kong and Macao residents
Mainland media reported yesterday that the Guangzhou Real Estate Registration Center confirmed that from December 16 (Monday), Hong Kong and Macao people will buy houses in various districts in Guangzhou without providing study, work and residence Proof, you only need to provide a Hong Kong and Macau ID card and Hong Kong and Macau residents’ permit to travel to the Mainland (return permit), you can limit the purchase of a house. The Guangzhou Real Estate Registration Center added that the prerequisite for Hong Kong and Macau residents to purchase a property in the locality is that they must have no other housing in the country, not just in Guangzhou.
Confirm that there are no properties in the Mainland
It is said that the new policy has not yet issued a working guide, but it needs to be implemented first. In the future, the Provincial Department of Housing and Urban-Rural Development will interpret the policy and the Municipal Housing and Urban-Rural Development Bureau will make the minutes of the meeting.
The Guangzhou Real Estate Registration Center also acknowledged that although no initiative was announced, the actual operation of the measure has been officially implemented since the 16th of this month.
Previously, Guangzhou has lifted the one-year restriction on residence and work certification for foreigners (including Hong Kong, Macao, and Taiwan) in 2018. You only need to provide relevant studies, work, residence certificates and unit certificates to confirm that you have no housing in Guangzhou and have been audited. Buy a group of homes. Among them, Hong Kong, Macao, Taiwan, and Overseas Chinese only need to provide proof of study, work, and residence, and no unit certification is required. These three certificates are now further exempted from submission. This can significantly reduce the process of buying Hong Kong and Macao people in Guangzhou and improve the efficiency of government departments, thereby reducing the obstacles Hong Kong and Macao people will encounter when they go north to buy a home.
At present, international relations are tense and the Mainland economy is declining. Although the Political Bureau of the Central Committee of the Communist Party of China has stated that it does not use real estate as a short-term economic stimulus, real estate’s support to the mainland economy is still very important. In fact, recently, various places are gradually relaxing restrictions on the regulation of the property market.
Gradually loosening control by cities
Last month, Foshan City relaxed its purchase restrictions, indicating that people who work in Foshan and have a bachelor’s degree or above or a mid-level worker or above professional qualifications are not subject to household registration and personal tax and social security deposit restrictions. Since then, the Shenzhen-Shenzhen Special Cooperation Zone has also thawed the property market in the zone, stating that the total number of commercial housing and business apartments held by households in the cooperation zone cannot exceed two. Adult singles (including divorces) are restricted to purchase one group; residents Purchase of commercial housing and business apartments in the cooperation zone is prohibited from transfer within 5 years from the date of obtaining the real estate right certificate.
Earlier, Zhuhai, Zhongshan and Dongguan have also made some relaxation on the property market policy.