On October 16, the Urumqi Municipal Housing and Construction Bureau, the Municipal Bureau of Natural Resources, the Municipal Finance Office, and the Housing Provident Fund Management Center jointly issued the “Urumqi City Policies and Measures on Further Optimizing the Real Estate Market”, introducing 8 favorable real estate measures to better meet the rigid and improved housing needs of the masses and promote the steady and healthy development of the Urumqi real estate market. The “Measures” clearly abolish restrictions on housing area and unit sales price for housing provident fund loans. Abolish the restrictions that housing area must not exceed 144 square meters and the unit sales price must not exceed 14,960 yuan/square meter when applying for a housing provident fund loan. Abolish sales price guidance for newly built commercial housing. The sales price regulation restrictions for newly built commercial housing will be lifted. The enterprise sells according to market pricing. The price can be adjusted independently during the sales process, and the actual sales price can be applied for online registration.

Zhitongcaijing · 10/16 09:17
On October 16, the Urumqi Municipal Housing and Construction Bureau, the Municipal Bureau of Natural Resources, the Municipal Finance Office, and the Housing Provident Fund Management Center jointly issued the “Urumqi City Policies and Measures on Further Optimizing the Real Estate Market”, introducing 8 favorable real estate measures to better meet the rigid and improved housing needs of the masses and promote the steady and healthy development of the Urumqi real estate market. The “Measures” clearly abolish restrictions on housing area and unit sales price for housing provident fund loans. Abolish the restrictions that housing area must not exceed 144 square meters and the unit sales price must not exceed 14,960 yuan/square meter when applying for a housing provident fund loan. Abolish sales price guidance for newly built commercial housing. The sales price regulation restrictions for newly built commercial housing will be lifted. The enterprise sells according to market pricing. The price can be adjusted independently during the sales process, and the actual sales price can be applied for online registration.