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  Muzi.com: Muzi (English): Gallery: Business: Industry: Real Estate:
  Real Estate:Shanghai [1p.9n]
updated: 2009-12-10

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A worker rides a bicycle in front of apartment buildings under construction Thursday April 7, 2005 in Shanghai, China. Shanghai has enacted a new rule requiring home owners to pay off their mortgages before selling property, the boldest measure yet in new efforts to cool surging real estate prices. The new regulation requires property owners to pay off their entire mortgage before transferring a deed to a buyer, an official at the Shanghai Housing and Land Administration Bureau said Thursday.

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