China's first-tier cities tighten property policies to curb speculation


A real estate agent (left) fields queries from prospective homebuyers at a shopping mall in Shanghai on Aug 1. -Photo by Lyu Liang/For China Daily

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 are allocated to families that desperately need their own accommodation.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

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Shanghai , houses , accommodation , lottery system

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