Two departments issued new rules to limit the purchase of foreign institutions individual

According to reports, the Ministry of Housing and the State Administration of foreign exchange recently issued "on the further regulation of foreign institutions and individuals to purchase the notice", stipulates that foreign individuals can only buy a set of home in the territory for their own housing, and foreign institutions can only in the registered city to buy office housing needs of Non-domestic.　　The report cited close to the national authority, said the document is mainly aimed at the current influx of hot money into the mainland property market, disrupting the existing order of the purchase of the phenomenon and issued from the source of hot money into the mainland's interests demand. reported that before the regulatory layer has introduced restrictions on foreign purchases, but the scope has not been expanded to such a large, and not so strict below the requirements of personal restrictions on the purchase of a home, but not to the foreign agencies specifically set limits. Securities Times