2014-08-11

Kunming Cancels Buying Restrictions

Non-residents will be allowed to buy homes in Kunming.

昆明市政府发文宣布昆明楼市取消限购
August 11, the Kunming city government held a news conference on the adjustment stage of the property market policies were publicly announced, landing nearly four years of implementation of the Kunming property restriction order came to an end.

News release shows that in order to effectively meet the needs of the masses reasonable housing market plays a decisive role in the allocation of resources, from now on, residents to buy commodity housing (including second-hand housing), and in the process of signing, net signed and housing ownership registration , no longer required to provide proof of household housing situation queries. Meanwhile, according to the central work conference on urbanization "priority to solve the city for a long time, strong employment capacity, can adapt to the urban industrial transformation and upgrading and market competition environment, and to make them and their families settled in the town roots," etc., to encourage long-term Kunming workers to foreign workers to buy commodity housing (including second-hand housing), in the process of signing, net signed and housing ownership registration is not required to provide a certain number of years of tax or social insurance contributions that.

It is reported that the town of Kunming affordable housing projects started since 2014, the municipal government attaches great importance to the construction of affordable housing in cities and towns, distribution and management. Start date, the city invested 52.017 billion yuan, the construction of multi-channels to raise all kinds of urban affordable housing projects 254,088 units. At present, has started construction of 244,637 units, were built all kinds of urban affordable housing projects 217,354 units, 14,182,000 square meters.

Meanwhile, a joint center of Kunming revenue recognition, streamline the application process, the application processing time is reduced from the original three months or so to 25 days, maximum convenience housing difficulties of the masses to apply security room. Currently, the town has been built affordable housing projects, has been assigned occupancy 129,940 units, 8.576 million square meters, to solve the housing problems of the housing difficulties of nearly 400,000 personnel. This year will be allocated 18,000 sets of various types of affordable housing, then, a large number of low-income urban families, new employment and migrant workers housing problems will be solved.

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