[photopress:bwijinghouse.jpg,full,alignright]On July 24, BCC’s Market Transaction Management Department publicized an urgent notification on foreigners’ housing purchase issue. In the notification, BCC demands that real estate developers stop signing online contracts with foreign buyers who fail to meet certain requirements for buying houses. The notification says that BCC will issue more documents later which will give details About the implementation issue.
After the notification was released, BCC and its subordinate departments stopped selling houses to all foreign buyers, regardless of whether or not they are qualified to buy houses. It is estimated that at least 2,000 houses were withdrawn due to the notification.
Source: China News