Five departments—including the Shanghai Municipal Commission of Housing and Urban-Rural Development, the Shanghai Municipal Housing Administration, the Shanghai Municipal Finance Bureau, the Shanghai Municipal Taxation Bureau, and the Shanghai Housing Provident Fund Management Center—jointly issued the “Notice on Further Optimizing and Adjusting the City’s Real Estate Policies,” which will take effect on February 26, 2026. The notice specifies that the required duration of social insurance or individual income tax contributions for non-Shanghai residents purchasing housing within the Outer Ring Road will be shortened. For non-local resident households or single adults purchasing housing within the Outer Ring Road, the required duration of social insurance or individual income tax contributions has been adjusted to a continuous period of one year or more prior to the date of purchase. Eligible non-Shanghai residents may purchase one additional residential property within the Outer Ring Road. Non-Shanghai resident households or single adults who have paid social insurance or individual income tax in the city for three years or more may purchase one additional residential property within the Outer Ring Road, in addition to complying with existing housing purchase restriction policies.