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Real estate agents are exploiting a loophole to dodge tough new measures that ban non-Beijing residents from buying homes in the capital.
Firms use loophole to evade home ban
2011-03-09 08:04:01.0Todd Balazovic and Li JiabaoFirms use loophole to evade home banreal estate,buy,false records11020163News2@webnews/enpproperty-->
A receptionist at the Daxing sales office of property firm ChinaCAAC Co Ltd told METRO reporters posing as potential customers that the social security restriction could be avoided.
Among the 15 regulations introduced by authorities on Feb 16 is one that bars residents without Beijing hukou (permanent residency) from purchasing homes unless they have paid social security and income tax in the capital for five consecutive years.
"It's not as easy to get the tax permit. It's much easier to get the social security," he said.
"If you're determined to buy a house from us, we can help you with a solution (to the policy obstacle)," she said, before explaining that her company can assist potential buyers in paying social security "arrears", or back payments, in order to make them eligible, regardless of whether they have lived in Beijing for five years.
The total bill for five years of proof would be about 65,000 yuan.
"It can't happen because these people have not lived in Beijing for five years. They don't have the proper social security or income tax documents, so they can't get the (housing documents)," he said.
However, for a fee, real estate agencies are promising to help clients use a back door to dupe the auditors.
"If it doesn't violate the regulations or the law, it's OK to pay social security and income tax in arrears," he added.
Wang Qiang at the Beijing Municipal Commission of Housing and Urban-Rural Development said he has heard about this service being offered on the sly, but insisted that without authentic documents it is not possible to get around the measures.
"It will cost about 30,000 yuan or 40,000 yuan to pay social security in arrears for three years," she said, adding that clients simply need to provide their identity cards, hukou registration booklets, temporary residence permits and social security numbers.
Real estate agents offer to provide false records to aid migrant buyers
A METRO investigation found that a number of businesses now offer to provide clients with false records to escape new rules aimed at cooling the overheated property market.
Attorney Li Hongpeng, who is a partner at the B&D Law Firm in Beijing, said in most cases paying social security or income tax "arrears" is legal, although he is concerned many insurance companies may be doing it "in the black", or illegally.
At Haojiahaofeng real estate company in Chaoyang district, one agent went into more detail about how the process works. He told reporters his firm can contact an "insurance" agency that will fabricate an employment contract with either a real or ######## company. That document, he said, would show authorities that social security payments had been made for however many years required.
The insurance company charges 20,000 yuan in addition to 9,000 yuan for every year's worth of forged social security documents.
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BEIJING, July 30 (Xinhua) -- Heavy rains will hit China's southern coastal and northeastern regions as well as parts of the Sichuan Basin over the coming three days, the meteorological authority said Saturday.
Southern coastal areas of the provinces of Guangdong and Hainan, as well as Guangxi Zhuang Autonomous Region, will see massive downpours, as the tropical storm Nock-Ten, which had entered Beibu Bay after passing Hainan's Changjiang County, continues to move westward, the National Meteorological Center (NMC) said.
Heavy rains will also hit western and southern regions of northwest China, the central eastern part of the Sichuan Basin, the southeastern part of northwest China, it said.
Meanwhile, thunderstorms will hit the western and northern parts of the Sichuan Basin, the southwestern part of Shaanxi Province and the Liaodong Peninsula, it added.
Scorching heat will continue to hit most areas south of the Yangtze River, the northern part of Guangxi, the municipality of Chongqing, the eastern part of Guizhou Province and the northern part of Xinjiang Uygur Autonomous Region, with temperatures predicted to exceed 35 degrees Celsius.