SHANGHAI: Shanghai residents who plan to buy new houses need to calculate their scores first and check whether they are eligible for a lottery system. The seemingly complicated rules rolled out in Shanghai recently can effectively ensure houses in this megacity be allocated to families with rigid needs.
Under the principle that housing is for living in, not for speculation, real estate control measures across China are gradually evolving to tackle housing problems in big cities.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!