It’s official — the hukou system is back with a vengance.
Authorities in about 10 cities, including Shanghai and Guangzhou, will prohibit locally registered citizens who already own two or more homes, or those without a local residence permit, or hukou, who have owned at least one home, from buying more houses, the Xinhua News Agency reported Saturday.
Beijing issued even tougher policies Wednesday by banning home purchases for those who cannot show social security or income tax payments in the capital for five straight years.
But guess what, foreigners can buy an apartment – no wait!
So, dear Embassy of Canada in Beijing, dear Hon. Minister of Immigration, let’s get our game on!Â “Immigrate to Canada!Â Bring your RMB!Â Work anywhere you want in China!”