Shanghai Tightens Home-Buying Rules for Singles
The Chinese have a proverb that says, “Build a nest before attracting the phoenix.” Sticking with tradition, Tank Zhao had begun looking for an apartment as he planned to marry his girlfriend next year. Now the 28-year-old software engineer from Fujian province finds himself frozen out of Shanghai’s real estate market by a new prohibition on single nonresidents buying property in China’s second most populous city. “The policy is unreasonable; we aren’t speculators, we just need a place to live,” says Zhao. “Getting married first goes against our culture. I’ll have to explain to my girlfriend’s family that the Shanghai policy is what it is.”
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