Kunshan purchase restriction policy

Legal analysis: 1. When foreigners buy a house in Kunshan, they must pay social security or tax bill 1 year to buy a house; 2. The down payment ratio for the first time purchase is not less than 30%; 3. If the family already has a house, but the house purchase loan has been settled, the down payment ratio for the second house purchase shall not be less than 50%; 4. If there is a set of housing and the corresponding purchase loan has not been paid off, the down payment ratio for re-purchase shall not be less than 80%.

Legal basis: Article 61 of the Law of People's Republic of China (PRC) on Urban Real Estate Management shall apply to the land administration department of the local people's government at or above the county level for registration, and the land administration department of the local people's government at or above the county level shall issue a land use right certificate after verification.

If a house is built on the land for real estate development obtained according to law, it shall apply to the real estate management department of the local people's government at or above the county level for registration with the certificate of land use right, and the real estate management department of the local people's government at or above the county level shall verify and issue the certificate of ownership of the house.

When real estate is transferred or changed, it shall apply to the real estate management department of the local people's government at or above the county level for registration of change of real estate, and apply to the land management department of the people's government at the same level for registration of change of land use right on the basis of the changed house ownership certificate. After verification by the land administration department of the people's government at the same level, the land use right certificate shall be replaced or changed by the people's government at the same level.

If it is otherwise provided by law, it shall be handled in accordance with the provisions of relevant laws.