On June 20, Hengqin announced several measures to promote the stable and healthy development of the real estate market within the Guangdong-Macao in-depth cooperation zone, which include the removal of purchase restrictions on commodity housing.
The measures propose to optimize the price record management of commodity housing in Hengqin. The interval for price record updates for commodity housing has been reduced from three months to one month.
All purchase restrictions on commodity housing have been lifted. Meanwhile, the qualification of buyers of commodity housing (including newly built and second-hand housing) will no longer be reviewed.
The restriction on the resale period of commodity housing has been abolished. Hengqin no longer imposes a minimum holding period for the resale of commodity housing (including newly built and second-hand housing), except where property rights transfer restrictions apply.
The announcement stated that these measures aim to support people's essential and improved housing needs. They are introduced to accelerate the creation of a new model for property development and promote the stable and healthy development of the real estate market.
Reporter: Eastbrook
Editor: Abby, Hannah, James
