Optimize and adjust the housing purchase restrictions policy in Beijing.

The Beijing Municipal Commission of Housing and Urban-Rural Development, the Municipal Development and Reform Commission, the People's Bank of China Beijing Branch, and the Beijing Housing Provident Fund Management Center jointly issued the "Notice on Further Optimizing and Adjusting the City's Real Estate Related Policies", which will be implemented from December 24, 2025. The notice specifies that the housing purchase restriction policy will be further optimized and adjusted. Firstly, the conditions for non-Beijing residents to purchase a home will be relaxed. The requirement for non-Beijing residents to have paid social security or personal income tax for purchasing homes within the Fifth Ring Road will be reduced from the current "3 years" to "2 years"; for purchasing homes outside the Fifth Ring Road, it will be reduced from the current "2 years" to "1 year".