<p>北京市政府進一步放寬了購房限制，降低了個人所得税的繳納門檻，並允許多子女家庭購買額外的房產。\n 業內專家表示，此舉被視為 2026 年預計出台的更多全國性支持政策的前奏，旨在振興疲軟的房地產市場。\n 根據本週早些時候在北京舉行的全國會議，中國計劃在其第十五個五年計劃中穩定全國房地產市場，該計劃將於 2026 年啓動。\n 北京出台的政策也被視為全國其他地區的基準，長江商學院會計與金融教授、房地產專業人士劉靜表示。\n 非北京户口居民，或沒有正式居住身份的人，現在在完成至少兩年連續的地方所得税或社會保障繳納後，有資格在五環路內購房，此前的要求為三年。\n 根據北京市住房和城鄉建設委員會及其他部門週三發佈的指導方針，五環路外購房的資格門檻已降低至一年税款繳納，之前為兩年。\n\n“這一支持政策將產生積極效果，但其直接影響仍然有限，” 劉靜表示。“房地產市場的核心在於供需動態。穩定房地產市場是錨定經濟基本面的關鍵措施，我預計將出台更強有力的措施。”\n 劉靜補充説，降低利率等政策可能對房地產市場產生實質性影響，但這些政策需要數萬億人民幣的財政支持。\n 中國的房地產行業曾是經濟增長的支柱，自 2021 年下半年以來一直處於下行軌道。疲軟的房屋銷售和價格下跌削弱了消費者信心，給房主帶來了壓力。\n 新政策還允許擁有兩個或更多孩子的家庭在北京市中心購買額外的住房。具體而言，北京户口家庭可以在五環路內擁有最多三處房產，而擁有至少兩年連續地方税款繳納的非北京户口家庭可以在該地區購買兩處住房。\n 在北京，140 平方米（1,507 平方英尺）以上的二手房交易量保持增長。根據北京市住房委員會的數據，北五環路外的四居室二手房交易份額正在增加。\n 來自中原地產研究院的數據表明，北京約 80% 的新住宅交易集中在五環路外的區域，這些區域也是二手房交易的核心區域。\n“隨着政策的實施，五環路外新房的剛性需求預計將推動訪客流量和交易量的初步回升，” 中原地產首席分析師張大偉表示。\n“新政策預計將強化這一趨勢，加速五環路內改善型住宅的去庫存，” 張大偉説。\n 此外，使用中國住房公積金貸款的二手房購房者最低首付比例將從 30% 降至 25%。\n 根據北京市統計局的數據，2025 年前三季度，北京的新住宅銷售總量為 492 萬平方米，同比下降 8.2%，而純商業住宅單位銷售達到 347 萬平方米，同比增長 20.1%。\n 自北京新政策實施以來，諮詢量幾乎沒有變化，北京朝陽區一家房地產中介的代表表示，要求匿名。\n 該中介補充説，新政策出台後，通常會出現觀望情緒，市場的下行趨勢不太可能通過政策措施輕易逆轉。儘管真實需求仍會轉化為購房，但政策對吸引投資者進入市場的作用不大。\n 另一位在北京西城區的房地產中介表示，自新政策推出以來，一些潛在買家已開始看房，但他們也採取了觀望態度。\n“購房者不再進行恐慌性購買，而是以更理性的態度接近市場，” 該中介表示。</p>

<p>北京地方政府放寬了購房限制，以刺激疲軟的房地產市場。變化包括降低所得税支付門檻，並允許多子女家庭購買額外的房產。這一舉措被視為 2026 年預計出台的國家政策的前奏。該政策旨在穩定房地產市場，是中國第十五個五年規劃的一部分。儘管採取了這些措施，專家認為市場的復甦仍然依賴於供需動態和進一步的強有力政策</p>

<p>The Beijing municipal government has further relaxed home buying curbs by lowering the threshold for individual income tax payments and by allowing multi-child families to purchase extra properties.\nThe move was seen as a precursor to more national supportive policies expected in 2026 aimed at shoring up the sluggish property market, an industry expert said.\nChina aims to stabilise the nation’s property market as part of its 15th Five-Year Plan, which kicks off in 2026, according to a national conference held in Beijing earlier this week.\nThe policies rolled out in the national capital of Beijing were also seen as a benchmark for the rest of the country, said Liu Jing, a professor of accounting and finance, specialising in real estate, at Cheung Kong Graduate School of Business in Beijing.\nNon-Beijing hukou residents, or those without official residency, are now eligible to buy homes within the Fifth Ring Road, a major expressway around the city, after completing at least two consecutive years of local income tax or social security payments, down from a three-year requirement previously.\nThe eligibility threshold for homes purchased outside the Fifth Ring Road has been lowered to one year of tax payments, down from two, according to guidelines issued on Wednesday by the Beijing Municipal Commission of Housing and Urban-Rural Development and other authorities.\n\n“This supportive policy will deliver positive effects, yet its direct impact remains limited,” Liu said. “At its core, the property market hinges on the dynamics of supply and demand. Stabilising the property market is a crucial measure to anchor economic fundamentals, and I expect more robust measures will be rolled out.”\nLiu added that policies such as cutting interest rates could have a tangible impact on the property market, but such policies required trillions of yuan in financial support.\nChina’s property sector, once a pillar of economic growth, has been on a downward trajectory since the second half of 2021. Sluggish home sales and declining prices have dented consumer confidence and taken a toll on homeowners.\nThe new policy also allows families with two children or more to purchase an extra home in downtown Beijing. Specifically, Beijing-hukou households can own up to three properties within the Fifth Ring Road, while non-Beijing-hukou families with at least two consecutive years of local tax payments can buy two homes in the area.\nIn Beijing, transaction volumes of pre-owned units larger than 140 square metres (1,507 sq feet) have maintained their growth. Four-bedroom second-hand properties outside the North Fifth Ring Road have seen a growing share of transactions, according to the Beijing Municipal Commission of Housing.\n\nData from Centaline Property’s research institute shows that about 80 per cent of Beijing’s new residential property transactions are concentrated in areas outside the Fifth Ring Road, which are also core districts for second-hand home deals.\n“As the policy takes effect, rigid demand for new homes outside the Fifth Ring Road is expected to drive the initial pickup in visitor footfall and transaction volumes,” said Zhang Dawei, chief analyst of Centaline Properties in Beijing.\n“The new policy is expected to reinforce this trend and accelerate destocking of improvement-oriented residential properties within the Fifth Ring Road,” Zhang said.\nIn addition, second-hand homebuyers using loans ‍from China’s housing provident fund will only have to make a minimum down payment of 25 per cent, down from 30 per cent.\nIn the first three quarters of 2025, Beijing’s new residential property sales volume totalled 4.92 million square metres, down 8.2 per cent year on year, while pure commercial residential unit sales reached 3.47 million square metres, up 20.1 per cent on a yearly basis, according to the Beijing Municipal Bureau of Statistics.\nSince Beijing’s new policy was rolled out, there has been little change in the volume of inquiries, according to a representative at a real estate agency in Beijing’s Chaoyang district, who requested anonymity.\nThe agent added that a wait-and-see sentiment typically sets in after a new policy launch, and that the downward trend in the market was unlikely to be easily reversed by policy measures. While real demand would still translate into home purchases, the policies would do little to draw investors into the market.\nAnother property agent in Beijing’s Xicheng district said some potential buyers have viewed properties since the new policy was introduced, but they are also taking a wait-and-see approach.\n“Homebuyers are no longer making panic purchases. Instead, they are approaching the market with greater rationality,” the agent said.\n</p>
<div class="lb-trans"><p>北京市政府進一步放寬了購房限制，降低了個人所得税的繳納門檻，並允許多子女家庭購買額外的房產。\n 業內專家表示，此舉被視為 2026 年預計出台的更多全國性支持政策的前奏，旨在振興疲軟的房地產市場。\n 根據本週早些時候在北京舉行的全國會議，中國計劃在其第十五個五年計劃中穩定全國房地產市場，該計劃將於 2026 年啓動。\n 北京出台的政策也被視為全國其他地區的基準，長江商學院會計與金融教授、房地產專業人士劉靜表示。\n 非北京户口居民，或沒有正式居住身份的人，現在在完成至少兩年連續的地方所得税或社會保障繳納後，有資格在五環路內購房，此前的要求為三年。\n 根據北京市住房和城鄉建設委員會及其他部門週三發佈的指導方針，五環路外購房的資格門檻已降低至一年税款繳納，之前為兩年。\n\n“這一支持政策將產生積極效果，但其直接影響仍然有限，” 劉靜表示。“房地產市場的核心在於供需動態。穩定房地產市場是錨定經濟基本面的關鍵措施，我預計將出台更強有力的措施。”\n 劉靜補充説，降低利率等政策可能對房地產市場產生實質性影響，但這些政策需要數萬億人民幣的財政支持。\n 中國的房地產行業曾是經濟增長的支柱，自 2021 年下半年以來一直處於下行軌道。疲軟的房屋銷售和價格下跌削弱了消費者信心，給房主帶來了壓力。\n 新政策還允許擁有兩個或更多孩子的家庭在北京市中心購買額外的住房。具體而言，北京户口家庭可以在五環路內擁有最多三處房產，而擁有至少兩年連續地方税款繳納的非北京户口家庭可以在該地區購買兩處住房。\n 在北京，140 平方米（1,507 平方英尺）以上的二手房交易量保持增長。根據北京市住房委員會的數據，北五環路外的四居室二手房交易份額正在增加。\n 來自中原地產研究院的數據表明，北京約 80% 的新住宅交易集中在五環路外的區域，這些區域也是二手房交易的核心區域。\n“隨着政策的實施，五環路外新房的剛性需求預計將推動訪客流量和交易量的初步回升，” 中原地產首席分析師張大偉表示。\n“新政策預計將強化這一趨勢，加速五環路內改善型住宅的去庫存，” 張大偉説。\n 此外，使用中國住房公積金貸款的二手房購房者最低首付比例將從 30% 降至 25%。\n 根據北京市統計局的數據，2025 年前三季度，北京的新住宅銷售總量為 492 萬平方米，同比下降 8.2%，而純商業住宅單位銷售達到 347 萬平方米，同比增長 20.1%。\n 自北京新政策實施以來，諮詢量幾乎沒有變化，北京朝陽區一家房地產中介的代表表示，要求匿名。\n 該中介補充説，新政策出台後，通常會出現觀望情緒，市場的下行趨勢不太可能通過政策措施輕易逆轉。儘管真實需求仍會轉化為購房，但政策對吸引投資者進入市場的作用不大。\n 另一位在北京西城區的房地產中介表示，自新政策推出以來，一些潛在買家已開始看房，但他們也採取了觀望態度。\n“購房者不再進行恐慌性購買，而是以更理性的態度接近市場，” 該中介表示。</p>
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Beijing municipality eases home purchase curbs to shore up sluggish market

- 北京市政府進一步放寬購房限制，降低個人所得税門檻。  
- 多子女家庭可購買額外房產，政策預計為 2026 年全國支持性措施鋪路。  
- 購房意願變化明顯，市場依然處於觀望狀態，實際需求轉化為購買的影響有限。

北京市放寬購房限制以提振低迷的市場