Beijing has reduced the requirement period for non‑local families wishing to buy property, cutting the mandatory social insurance payment period from three to two years. In addition, for the first time in the city’s history, families with two or more children are now allowed to purchase up to two homes within the Fifth Ring, while families with local hukou can acquire up to three. Banks will no longer automatically apply higher rates for second homes, instead basing rates on market mechanisms and risk assessment. This policy aims to stimulate genuine demand, support demographic goals, and keep speculative price growth in check.
"We are committed to making housing affordable for those who truly need it," said officials.
Shifting the focus from restrictive purchase limits to real needs, and simplifying procedures for new projects, enables faster real estate investment and increases market efficiency.
