Beijing Scraps Suburban Home-Purchase Limit in Latest Stimulus Push
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Authorities in China’s capital have scrapped decade-old restrictions on the number of homes residents can buy in its sprawling suburban areas, a significant move aimed at propping up a sluggish property market and reducing a glut of unsold apartments.
Announced on Friday, the policy removes the cap on property purchases for eligible families in all areas outside the city’s Fifth Ring Road — a major highway encircling the city’s central districts. The move targets the bulk of Beijing’s real estate market and signals a more aggressive, targeted push to revive the sluggish sector without igniting speculative fever in the city’s core.
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- Beijing has removed limits on home purchases in suburban areas outside the Fifth Ring Road to boost its sluggish property market and reduce unsold inventory.
- Eligible buyers can now purchase unlimited suburban properties, impacting over 80% of new-home sales areas; previous easing prompted a 33% jump in suburban resales.
- The policy is part of a broader national rollback and includes looser housing fund rules, with similar measures seen or expected in other top-tier cities like Guangzhou and Shanghai.
- China Index Academy
- According to the article, China Index Academy is a property research firm. Its policy research director, Chen Wenjing, commented on the stability of Beijing's property market and the potential for other major cities to follow Beijing's lead in optimizing policies. They also provided data on new-home sales and existing-home transactions in Beijing's suburban areas.
- CRIC
- CRIC (易居克而瑞) is a property research firm. According to the article, it reported a 33% year-on-year jump in suburban resale transactions following an April 2024 policy tweak in Beijing. CRIC also noted that a "differentiated strategy" helps cities address inventory and sales issues in outlying areas while preventing speculative investment in core districts.
- April 2024：
- Beijing tweaked property restrictions, allowing eligible buyers to purchase one additional suburban home.
- July 30, 2025：
- A Politburo call was made for policy optimization regarding the property market.
- Friday, August 8, 2025：
- Beijing announced the removal of purchase limits for eligible families in suburban areas outside the Fifth Ring Road and eased housing provident fund rules.
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