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shanxi issued a document to support the housing "old for new" policy and cancel the purchase restriction policy in taiyuan

2024-09-16

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recently, shanxi province issued the "several measures for further promoting the stable and healthy development of the real estate market in shanxi province" (hereinafter referred to as the "measures"), which contains 17 measures.the purchase restriction policy for commercial housing in taiyuan city has been canceled. there is no need to review the qualifications of buyers when purchasing commercial housing (including newly built commercial housing and second-hand housing).

the measures state:

  • cancel the transfer restriction period for all types of commercial housing, cancel the transfer restriction period for commercial housing (including new commercial housing and second-hand housing) (except for those with restricted property transfer), and transfer can be made from the date of obtaining the real estate certificate (housing ownership certificate), vigorously supporting the rigid and improvement housing purchase needs of urban and rural residents;
  • cancel the standards for ordinary and non-ordinary residential buildings. the municipal governments in shanxi can formulate policies based on the city’s situation and cancel the standards for ordinary and non-ordinary residential buildings to better support the release of demand for improved housing;
  • support the implementation of the "old for new" housing campaign and the promotion of the "housing voucher resettlement" model, etc.

the measures will come into effect on september 5, 2024 and will be valid for three years.

(cctv reporter song yunyi)