#1 Requirements von DMT11 10.11.2018 10:09

HANGZHOU, March 29 (Xinhua) -- Authorities in the eastern cities of Hangzhou, Xiamen and Fuzhou are set to roll out more measures to restrict housing purchases and cool the property market.

Hangzhou announced that starting Wednesday, single adults, including those who are divorced, who have a local "hukou" (permanent residence permits) and own at least one house, will not be permitted to buy new apartments in the city's urban area.

The property that business enterprises have purchased will not be tradable within the first three years. In addition, people who hold a hukou registered in the restriction areas must show evidence of living there for more than two years to buy property.

The minimum down payment for second homes will be raised to 60 percent. Those who have no home in Hangzhou but have a housing-loan record will be classed as second home buyers.

Purchase restrictions have also been introduced in Xiamen and Fuzhou.

Xiamen announced that starting Wednesday, those without a local haikou, who cannot provide evidence of paying 36 months worth of income tax and social security payments in the last four years, will not be able to buy property that has a floor size of less than 180 square meters.

Fuzhou also raised the minimum down payment to 50 percent for second homes.

From March, dozens of second-tier cities and cities neighboring Beijing and Shanghai have moved to limit housing purchases to cool property markets.

In the first two months of 2017, investment in China's real estate market rose 8.9 percent year on year to more than 985 billion yuan (143 billion U.S. dollars), and housing sales jumped 26 percent from the same period of 2016 to over 1 trillion yuan.

THAILAND has postponed until March its construction work on the US$5 billion first phase of a railway project being built jointly with China Ethan Pocic Shirt , the Southeast Asian nationís transport minister said Friday.

The 873km rail line, work on which was expected to have started this month, is eventually intended to link Thailandís border with Laos to eastern ports and industrial zones.

Thai Transport Minister Arkhom Termpittayapaisith said the work was delayed because Thai government officials are still reviewing various railway designs submitted by China.

ďAccording to the current plans, we have set this to March. If the designs arenít complete, and the contract isnít finalized, then we canít start the construction,Ē Arkhom said.

The first phase, costing 179 billion baht (US$5 billion), centers on 250km of track to link the Thai capital of Bangkok to the northeastern province of Nakhon Ratchasima.

China and Thailand have been discussing the project for years, but agreed on its framework only in September, after months of sometimes tense negotiations.


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