Shanghai eases homebuying rules

Under the new policy, all local families — and nonlocals who have paid taxes or social insurance in Shanghai for at least one year — are now permitted to buy any number of homes beyond the Outer Ring ... ( read original story ...)

Shanghai Follows Beijing in Lifting Suburban Home Caps to Spur Demand

Starting tomorrow, Shanghai residents with local household registration, or "hukou," as well as non-locals who have paid personal income tax or contributed to social security for at least one year, can purchase an unlimited number of homes outside the Outer Ring Road, according to a notice issued today by the municipal housing authority. ( read ...