Besides Beijing, Shanghai municipality and Guangdong province have also issued detailed housing controls.

The Shanghai municipal government is imposing a 20 percent tax on capital gains from sale of pre-owned homes. It aims to curb speculative purchases. It is also restricting credit and coordinating land supplies, to maintain stable prices in the city.

Meanwhile, Guangdong's provincial government says house prices will be curbed, government-subsidized housing will be built more quickly and housing data pooled in order to boost market supervision.

In first-tier cities like Guangzhou and Shenzhen, people who already own houses or have not lived in the city for a specified time will be banned from buying property. Prices will be capped to prevent them rising too quickly. It also says the province will follow the central government's plan and impose tax on capital gains from sales of pre-owned homes.

Go to Forum >>0 Comment(s)