12 Chinese cities restrict home sales by owners to fight speculation
Beijing
AT least 12 major Chinese cities are requiring newly bought homes to be held for at least two to three years before they can be sold, the first time that cities in the country are taking such measures and suggesting intensified government efforts to cool the red-hot property market.
Dongguan and Yangzhou - two major cities near the technology hub of Shenzhen and the financial hub of Shanghai, respectively - joined the list of cities seeking to crack down on short-term sp…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans
China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses