Tuesday, October 19, 2010

Faking divorce to buy a home in Shanghai

New government restrictions on buying property in Shanghai aren?t even a month old, but people are already finding ways to skirt the law.

The latest tactic: fake divorce.

The most recent effort by the Shanghai government to cool the Shanghai property market, which came into effect October 7, was to limit loans to families buying additional homes and limit those in the market to buying one additional new home.

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