on may 17th, according to the news from WeChat official account, the Housing Management Bureau of Hangzhou, the Office of the Leading Group for the Stable and Healthy Development of Hangzhou Real Estate Market issued the Notice on Further Promoting the Stable and Healthy Development of the Real Estate Market, which further improved the regulation and control of the real estate market from the aspects of optimizing the second-hand housing transaction policy, improving the tax adjustment and better meeting the housing demand of three-child families.

according to the viewpoint of new media, the notice clearly optimizes the transaction policy of second-hand housing, and adjusts the original provision that "the urban social security or personal income tax has been paid continuously for 48 months within the scope of the city's purchase restriction four years before the date of purchase" to "the urban social security or personal income tax has been paid continuously for 12 months within the scope of the city's purchase restriction one year before the date of purchase".

The Notice clearly meets the housing demand of three-child families, and eligible three-child families will increase the number of housing units restricted within the city's purchase restriction by one set. Clearly further improve the tax adjustment policy. Within the scope of the purchase restriction in this city, if an individual transfers the only house of a family, the period of VAT exemption will be adjusted from 5 years to 2 years.