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Southwest China metropolis adjusts housing purchase policy to strengthen real estate market

CHENGDU – Metropolitan Chengdu, located in southwest China’s Sichuan Province, on Tuesday granted all home owners and buyers in the city the right to apply for household registration in the city.

People who purchase pre-delivered basic housing or second-hand housing in the Chengdu administrative area can apply for city household registration at the location of the housing, in accordance with new regulations issued by municipal authorities.

Residence or household registration, called hukou in Chinese, has always been a key attraction for non-natives in major cities, as it opens up opportunities and benefits when obtaining permanent residency in a city .

Chengdu has a population of more than 21 million, making it one of the most economically dynamic cities in southwest China. The number of people with household status in Chengdu currently stands at nearly 16 million, according to the Chengdu Municipal Bureau of Statistics.

The new regulations, valid for three years, grant homeowners and buyers undifferentiated eligibility to apply for residency status in Chengdu – eliminating hukou qualification restrictions prescribed in previous regulations regarding the size of housing purchased and elapsed time. since purchase.

Recently, major Chinese cities, including Beijing, the Chinese capital, and Shanghai, Guangzhou and Shenzhen, have adjusted their real estate policies, with a series of measures unveiled to boost local real estate markets.

Meanwhile, China’s Ministry of Housing and Urban and Rural Development said it will help municipal governments, especially those in first-tier cities, harness their decision-making powers to regulate the real estate market and adjust policies. restricting the purchase of housing based on local conditions. terms.