General
Shanghai relaxes home buying restrictions for eligible families
Reuters
Synopsis
Shanghai has relaxed its real estate policies, effective Tuesday, by removing restrictions on the number of homes families can purchase outside the outer ring road. In a significant move, single adults will now be considered as families, enabling them to benefit from these eased measures.
Getty ImagesShanghai on Monday announced adjustments to its real estate policies, removing restrictions on the number of homes eligible families can buy outside the city’s outer ring road.
Single adults would be also be treated as families and enjoy the eased measures, the municipal housing authority said in a statement. The adjustments are set to take effect on Tuesday.