Financial Repression Tracker

Rules that steer savings into government debt or hold returns below inflation, country by country.

Block · Real asset restrictions

Household property ownership quotas and eligibility tests

What it is
Limit the number of homes a household may acquire or require existing property to be sold before another purchase. Local residence, tax-payment history and public-housing eligibility can be used to enforce the limit.
Why it counts
Households excluded from additional property purchases must choose other savings outlets, potentially including deposits and government debt.

When it was in force

  • China: 2011 → now, in force
  • Singapore: 2026 → now, in force; the rule may be older than the cited document

2 examples

  1. China

    2011 → nowIn force

    As cited: 2011-present (listed as currently valid on Beijing government register; later local adjustments not reviewed)

    Beijing restricted additional home purchases according to existing household ownership and local residence or tax-payment qualifications.

    Beijing housing notice Jing Jian Fa [2011] 65, implementing Guo Ban Fa [2011] 1 and Jing Zheng Ban Fa [2011] 8Primary source
    “对已拥有2套及以上住房的本市户籍居民家庭、拥有1套及以上住房的非本市户籍居民家庭”

    beijing.gov.cn (opens in a new tab)Checked: quote matched on the page by script

    China today: index 59.5

  2. Singapore

    2026 → nowIn force

    The rule may be older than the cited document · As cited: Current HDB resale-flat conditions at cutoff

    Buying another HDB flat requires disposing of an existing HDB flat or private residential property.

    Housing and Development Act framework; HDB conditions after buying a resale flatPrimary source
    “You are required to dispose of your existing HDB flat or private residential property, or terminate the tenancy of your HDB rental flat, when you buy another flat.”

    hdb.gov.sg (opens in a new tab)Checked: quote confirmed on the page by a reviewing agent

Examples and their dates reviewed .