Hangzhou, a tech hub in the Chinese mainland, just hit refresh on its real estate game! The city announced Thursday it’s scrapping all restrictions on new housing purchases – a move that could reshape urban living and accessibility for millions.
Under the new policy: No more residency checks for homebuyers Non-locals can now apply for permanent residency (Hukou) after purchasing property First-time buyer perks even if you’ve owned/sold a home before
Why it matters: Hukou grants access to crucial services like education and healthcare. This change could make Hangzhou a magnet for young professionals chasing the #TechLife in China’s answer to Silicon Valley.
The shift aligns with China’s 2024 blueprint for next-gen real estate development – think ‘high quality, smart tech, and better services’. Premier Li Qiang recently emphasized refining housing policies to balance market growth with stability.
For digital nomads and career climbers: Could this be your golden ticket to settling in one of Asia’s most dynamic cities? Pack your apps and ambition – Hangzhou’s doors just swung wider.
NewspaperAmigo – Your Global News Buddy 
The city announced Thursday it’s scrapping all restrictions on new housing purchases – a move that could reshape urban living and accessibility for millions. 
No more residency checks for homebuyers
Why it matters: Hukou grants access to crucial services like education and healthcare. This change could make Hangzhou a magnet for young professionals chasing the #TechLife in China’s answer to Silicon Valley.
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