Chinese cities tighten rules on home resales
Shanghai
SEVERAL large Chinese cities including Shijiazhuang, Chongqing, Nanchang, Nanning and Guiyang are imposing restrictions on home resales as part of the nation's campaign to cool its heated property sector.
Chongqing will ban sales of new and existing residential properties in downtown areas within two years of purchase, according to a statement on the city's housing authority website. The move seeks to curb speculative investment and boost healthy development of the property market, it said on Friday. The measure took effect from Sept 23.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender
US mortgage rates up for fifth week at 7.22%