|
FOREIGNERS in Beijing have been granted the right to buy
home as freely as Beijingers.On Sunday, the housing management
department of the local government began the new practice
which imposes no special restrictions on foreigners buying
homes in Beijing.For more than eight years, commercial houses
in Beijing were divided into two categories, Houses for
Beijingers and Houses for Outsiders.Houses of the first
category were developed by Chinese companies for sale to
enterprises, organizations and people of Beijing, while the
second category was generally funded by overseas capital and
mainly for sale to overseas companies, organizations and
individuals. Enterprises and organizations based in other
areas of China were also limited to the second category.In the
eyes of the buyers, the biggest difference between the
categories was price. Targeting wealthy foreigners, houses for
outsiders were much more expensive than houses for locals.An
official of Beijing Administration of Land Resources and
Housing said the restriction was lifted to meet the needs of
the 2008 Olympic Games, making Beijing an international
metropolis and developing the real estate industry.“It won’t
bring about too much fluctuation on Beijing’s real estate
market,” he said.In practice, the line between the two
categories is being blurred as Beijingers are also buying
high-quality “Houses for Outsiders” and price differences
between the categories are narrowing.Alistair Nicholas,
general manager of Edelman Public Relations Worldwide Beijing
Office, said lifting the restriction would benefit both
foreigners and the Chinese people. There are more than 40,000
foreigners living in Beijing. (Xinhua)
|