The Beijing Municipal Housing and Urban-Rural Development Commission, the Beijing Municipal Commission of Planning and Natural Resources, and the Beijing Housing Provident Fund Management Center jointly issued the “Notice on Further Optimizing and Adjusting the City's Real Estate Policy” on the evening of the 7th, clarifying that the social security or personal tax payment period for non-Beijing households purchasing commercial housing within the 5th Ring Road will be reduced from “2 years” to “1 year.” After the adjustment, the social security or personal tax payment period for non-Beijing households purchasing commercial housing was unified to “1 year,” and the number of commercial housing units purchased remained unchanged. In other words, non-Beijing households that have paid social security or personal tax for 1 year can buy 1 commercial housing unit within the 5th Ring Road; families with many children can buy 1 more unit; outside the 5th Ring Road, there is no limit on the number of units purchased. The “Notice” will come into effect on the 8th.

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