Beijing Municipality, Circular on Thorough Implementation of the Spirit of the Document of the General Office of the State Council to Further Strengthen the Regulation and Control of the Real Property Market of the Municipality

Issued: February 16 2011

Main contents: Beginning from February 17 2011, resident families with household registration in Beijing that already own one unit of residential premises; and non-resident families without household registration in Beijing that hold valid temporary residence permits in Beijing, do not own any residential premises and have contributed social insurance or paid individual income tax in Beijing for five or more consecutive years may purchase only one unit of residential premises (including newly-built commodity residential premises and second-hand residential premises). For resident families with household registration in Beijing that own at least two units of residential premises, and non-resident families without household registration that own at least one unit of residential premises or that are unable to produce a valid temporary residence permit or proof of local tax payment or social insurance contribution for at least five years, residential premises may not be sold to them (Article 6).

Related legislation:Circular on Determined Suppression of the Exceedingly Rapid Rise of Certain Urban Housing Prices, Apr 17 2010, CLP 2010 No.4 p.45; and Beijing Municipality, Circular on the Thorough Implementation of the State Council's Document on Determined Suppression of the Exceedingly Rapid Rise of Certain Urban Housing Prices, Apr 30 2010