crashbandicootnintendo| Shanghai: Adjust the period of social security or personal tax payment required for non-Shanghai residents to purchase a house to "continuous payment for 3 years or more"

Securities Times NewscrashbandicootnintendoAccording to the Shanghai Housing and Urban-Rural Construction Management Public AccountcrashbandicootnintendoOn May 27, the Shanghai City Housing and Urban-Rural Construction Management Commission and other four departments jointly issued the "Notice on Optimizing Policies and Measures for the Stable and Healthy Development of the City's Real Estate Market"(hereinafter referred to as the "Notice"). The "Notice" proposes to shorten the period of time that non-Shanghai residents need to pay social security or personal tax to purchase houses. Adjust the period of time for non-Shanghai residents to pay social security or personal tax for purchasing houses from "continuous payment of 5 years or more" to "continuous payment of 3 years or more"; non-Shanghai talents in key areas such as the new city and the north-south transformation have accordingly adjusted the purchase of houses from "continuous payment of 3 years or more" to "continuous payment of 2 years or more". Non-Shanghai talents in the Lingang New Area of the Free Trade Zone will continue to implement the rule of "continuous payment of 1 year or more".

Proofread by: Yao Yuan

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