{"id":3735,"date":"2019-07-26T08:40:10","date_gmt":"2019-07-26T08:40:10","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3735"},"modified":"2021-06-04T14:34:17","modified_gmt":"2021-06-04T07:34:17","slug":"this-city-near-shanghai-just-imposed-property-curbs-again","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/this-city-near-shanghai-just-imposed-property-curbs-again\/","title":{"rendered":"This city near Shanghai just imposed property curbs\u2014again"},"content":{"rendered":"<p>Fourth batch of cooling measures this year for Suzhou<\/p>\n<figure id=\"attachment_3736\" aria-describedby=\"caption-attachment-3736\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3736\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_1361482136.jpg\" alt=\"\" width=\"1000\" height=\"563\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_1361482136.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_1361482136-300x169.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/07\/shutterstock_1361482136-768x432.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3736\" class=\"wp-caption-text\">Dushu Lake in Suzhou, Jiangsu province, China. zhangyuqiu\/Shutterstock<\/figcaption><\/figure>\n<p>Housing authorities in the mainland Chinese city of Suzhou announced Wednesday another batch of cooling measures on the overheated property market, the <a href=\"https:\/\/www.scmp.com\/business\/china-business\/article\/3020030\/suzhou-tightens-property-curbs-fourth-time-2019-overheating\" target=\"_blank\" rel=\"noopener noreferrer\">South China Morning Post<\/a> reported.<\/p>\n<p>Broadening its jurisdiction to include the counties of Kunshan and Taicang, the local government increased Suzhou\u2019s tax return period to two years. The tax return period is a requirement for non-resident buyers of homes in the city.<\/p>\n<p>The new round of property curbs is \u201charsher\u201d than market observers expected, according to Yan Yuejin, a research director with E-house China R&amp;D Institute.<\/p>\n<p>\u201cIt signals that [Chinese President Xi Jinping\u2019s edict] of ensuring that housing is for living, not speculation will remain the theme that anchors property policies for the rest of the year. There is no hope for any significant change in housing policy.\u201d<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/meet-the-american-architect-changing-chinas-cities\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Meet the American architect changing China\u2019s cities<\/strong><\/a><\/p>\n<p>Justifying the government\u2019s latest moves are incendiary prices in Suzhou\u2019s Industrial Park, a coveted address with some of the city&#8217;s best schools and workplaces. Suzhou on the whole is located close to Shanghai, making it an inherently attractive location for property investors.<\/p>\n<p>New home prices in the Suzhou industrial park leaped 8.6 percent in the first half of 2019 to CNY36,212 yuan (USD5,270) per square metre, close to those in Shanghai, the Post noted, citing E-house data.<\/p>\n<p>Prices in Xiangcheng district also skyrocketed 22.7 percent in H1 2019.<\/p>\n<p>\u201cThe tightening policy in Suzhou certainly does not bode well for the Politburo\u2019s stance on the property sector,\u201d CCB International Holdings\u2019 analyst Siu Fung Lung told the Post. \u201cThe policy is shifting toward a hawkish stance, from the more lenient statement of stabilising home, land price and market expectation in early 2019.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fourth batch of cooling measures this year for Suzhou<\/p>\n","protected":false},"author":8,"featured_media":20200,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[137,233,255],"class_list":["post-3735","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-china","tag-shanghai","tag-suzhou","news_country-china","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>This city near Shanghai just imposed property curbs\u2014again | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/this-city-near-shanghai-just-imposed-property-curbs-again\/\" \/>\n<meta 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