What are the five major new cities? How to trade houses around the five major new towns in Shanghai?

What are the five major new cities in Shanghai?

Five new cities: Jiading New City, Songjiang New City, Qingpu New City, Fengxian New City (also called Nanqiao New City), and Nanhui New City (originally called Lingang New City).

1. Jiading New Town is set by several major new towns.

Poly Grand Theatre, Taipei Fashion Street, Yuanxiang Lake, Ziqi Donglai Park and Jiading Library form a modern city picture. In 2009, Metro Line 11, the longest subway line in the world, opened to traffic. From Nanxiang to Jiading North, there are large shopping malls at every stop. All major new towns have the problem of weak office atmosphere, and Jiading New Town is no exception.

In the past, Baiyin Road was the main thoroughfare and was home to many commercial projects. Looking back now, most of them were converted into residential-like products a few years ago, and the occupancy rates are not low. This also shows that the happiness index of living in Jiading New Town is extremely high. The city has a new interface, spacious roads, convenient life, and a view every step of the way, which is quite humanistic.

2. Songjiang New Town started development in 2001.

It is undoubtedly the fastest growing among the five new cities. Metro Line 9, opened to traffic in 2007, connects Xujiahui, Caohejing, University Town and Sheshan Scenic Area, which also brings popularity. Due to its early start, Songjiang New Town also has some problems, such as the relatively outdated urban interface and unreasonable traffic design. Nowadays, Songjiang New City has gone a step further and achieved dual expansion of population and geography, and is expected to become a new city integrating the city's individual industries and cities with a population of over one million.

How to trade houses around the five major new towns in Shanghai?

1. First of all, you need to sign a real estate sales contract, in which you must indicate the payment method. The procedures include: original and copy of your ID cards, household registration booklet, marriage certificate, and tax payment certificate.

2. If you are a house buyer, the deed tax you should pay is 1.5% of the total house price (but if the area of ??the house is more than 144 square meters, you must pay 3%

3. If you are a house seller, you should pay stamp duty, transaction fee, business tax (you don’t have to pay if the house is over 5 years old), and personal income tax (you don’t have to pay if the house is over 5 years old).